If Company Directors own property and have the rent from those properties and the pension contributions from their employer paid into a Pension Trust which is in the name of three of the Directors. The scheme is only available to three of the five Directors and is not open to any other employee within the company.
What are the obligations of the company as a whole regarding the administration of the pension fund?
Is the Company responsible for running the pension fund or is it the responsiblity of the trustees, (the three directors).
Can the company charge fees to the pension fund for adminstrative work such as filing VAT returns, preparing accounts etc?
(this question was submitted by my Wife, not me)
What are the obligations of the company as a whole regarding the administration of the pension fund?
Is the Company responsible for running the pension fund or is it the responsiblity of the trustees, (the three directors).
Can the company charge fees to the pension fund for adminstrative work such as filing VAT returns, preparing accounts etc?
(this question was submitted by my Wife, not me)