Executive Pensions
Executive Pensions is a relatively redundant term in its technical pre-April 2006 sense, although it is expected to continue as a marketing/descriptive term.
Executive Pensions: What you need to know post April 2006 if you have an existing contract
It will continue as an Arrangement, (the type will depend on the details of the scheme), and you/your employer can invest as much as you like, subject to the Annual and Lifetime Allowance rules.
Executive Pensions: What you need to know pre-April 2006
These are largely for senior staff and those who own and control their own company.
The details are very complex (and have been subject to repeated changes over the years), but in general it is a matter of the employee and employer putting in contributions to build up a fund that can be used to buy a pension. Normally the employer contributes the largest proportion share of the investment.
Their main attraction is that they often allow larger contributions to be made than to the other types of pension available. Where employees have generous packages and are seeking to maximise pensions and minimise tax, an EPP can be a powerful tool.
