PENSION SCHEMES FOR BUSINESSES
Simplified Workplace Pension Schemes
For self-employed individuals who employ staff and companies that must comply with sectoral collective agreements
A solution for long-term retirement savings
If you are self-employed or run a small or medium-sized enterprise, Simplified Workplace Pension Schemes (PPES) offer an accessible and straightforward way to promote long-term retirement savings. They are governed by specific regulations and feature simplified administration, making them easier to implement for both companies and self-employed individuals.
Simplified workplace pension schemes provide access to the key features of workplace pension schemes, allowing contributions to be made by both the company and the employee in accordance with current regulations.
Benefits
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They are easier to administer for both you and your workforce, as they require fewer administrative procedures than traditional plans.
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If you are self-employed, simplified workplace pension schemes allow you to make a higher annual contribution compared with an individual pension scheme, in accordance with the limits established in the regulations.
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In the case of plans subject to a sectoral collective agreement, they may allow self-employed individuals and independent workers without employees to join, provided they fall within the scope of the agreement and meet the membership conditions set out in the plan.
Coverage
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Retirement: This is the main cover. It allows members to build savings to supplement their state pension at the time of retirement.
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The employee may access the accumulated savings before retirement in the cases provided for by law, such as unemployment, serious illness, disability or dependency, in accordance with current regulations. In accordance with current regulations.
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In the event of the employee’s death, the designated beneficiaries may receive the accumulated savings in the pension scheme under the terms set out in its rules and in accordance with the applicable regulations.
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What are simplified workplace pension schemes?
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Who can take part in a workplace pension scheme?
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Who can contribute to a simplified workplace pension scheme?
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How much can be paid into an occupational pension plan?
