I am an owner/Director of a limited company and need to start a pension and also take out some life insurance. My key concern is the Life Insurance rather than the pension. I have a no of Queries as follows
1. For a 2 person company do i need a company scheme or should i just take out a standard prsa?
2. Should I treat pensions and Life insurance separately or is it better to get a pension with life insurance included? Is it more cost effective to take out key-man insurance and have the Company pay the premium?
3. I have a no of old pension schemes with companies I have worked for over the years - should I try and resurrect them and start paying in to them or is that possible?
1. For a 2 person company do i need a company scheme or should i just take out a standard prsa?
2. Should I treat pensions and Life insurance separately or is it better to get a pension with life insurance included? Is it more cost effective to take out key-man insurance and have the Company pay the premium?
3. I have a no of old pension schemes with companies I have worked for over the years - should I try and resurrect them and start paying in to them or is that possible?