Sound corporate advice on optimising profit, protecting value and accessing assets.
If you're a company director, partner or business owner, McLaren can provide the ongoing support you need. Whether it's how to optimise profits, access pension assets pre-retirement for the good of the business or protect the value of the firm against unforeseen eventualities we can help and advise.
We provide expert advice on the provision, design and implementation of employee benefits programmes and help you select and tailor pension schemes, death in service cover, income protection, medical schemes, critical illness, flexible benefits and salary sacrifice for employees.
Get in touch for ongoing advice on how to contribute to pensions in order to mitigate tax liabilities, use pensions to buy interesting assets and for advice at retirement. We can also advise on Keyman insurance, share and partnership protection, executive income protection, SIPPs and SASSs.
Some of our key areas of expertise are listed below. Click on the + for more detail.
+ Employee benefits
We have a great deal of knowledge in the provision and design of employee benefits schemes for companies.
Whether restructuring an existing arrangement or designing a new range of benefits, we can help. We utilise the latest technology to deliver our schemes however firmly believe that human input is critical so we provide individual counselling to members of the schemes that we run.
We are able to advise on defined contributions schemes that include group personal pensions and stakeholder plans. What might seem like a simple benefit to provide can often be the most complex; we focus on minimising charges, providing pension fund advice, optimising contributions by using salary sacrifice and counselling members. We can often also deliver these schemes without cost to the employer by using commission offset against our fees.
- Risk Benefits
Whether looking to protect staff using traditional death in service or income protection or provide a more comprehensive benefit by introducing critical illness cover or voluntary benefits we can advise.
Corporate governance: Do you have a proper audit trail for the benefits you provide to your employees? If not, this could represent a future liability and might need to be addressed. With accurate benchmarking this can be a great asset, to you and your employees.
Salary sacrifice: Increasingly employers are recognising that using salary sacrifice for benefits is a means of significantly improving benefit on a cost neutral basis. Much is written on this subject, much is assumed, and as an employer it's definitely worth exploring the possibilities of this excellent benefit enhancement.
There is an ever increasing need for employees to fully comprehend the employee benefits package offered by their employer. This burden of communication often falls to the HR or Finance department, with the potential of time and risk consequences. We utilise the latest technology to deliver a wealth of information to employees and HR teams.
+ Owner managers
- Do you want to find a way to reduce your tax liabilities whilst retaining access to profits in order to grow your business?
- Do you dislike the traditional methods of saving for retirement?
- Have you thought about the consequences if one of your partners died or had a heart attack? What would happen to their shares?
- Are your prized posessions protected from the unimaginable?
- Are you sick of earning low interest on your deposit fund and paying tax on theses proceeds?
- Do you have key members of staff that your business relies on?
- Are you thinking of selling your business but are concerned about your tax liabilities?
If any of these are appropriate to your circumstances then you should meet with a financial adviser that specialises in this sector. From our experience we can help structure a plan to maximise your profits and minimise the risks to your business by utilising some of the more sophisticated products available today.
+ Corporate Protection
A key person in an organisation is an individual whose skill, knowledge or leadership contributes to the company's continued financial success, eg managing director, sales manager, computer specialist.
It is anyone whose death could lead to a financial loss for the company. Losing such a person could have a significant impact on your business. Have you considered the consequences for your company?
Most companies that have traded for a number of years will have an inherent value which is in excess of the balance sheet alone. Invariably many shareholders hold personal and often inflated views as to what their company or shareholding may be 'worth'. However, against this, as the active mergers and acquisition market indicates, there are many willing buyers and willing sellers for small to medium sized companies in the UK at present.
We can advise on all aspects of:
- Keyman insurance
- Shareholder protection
- Partnership protection
- Death in service cover
- Group income protection
- Executive income protection
Past performance is not indicative of future results and no representation is made that results where stated, will be replicated. Investment values rise and fall and the value of them is not guaranteed. On encashment you may not get back the amount invested.