Master Trust – Executive Pension
A Master Trust is a defined contribution (DC) pension scheme set up under trust.
It differs from traditional DC pension schemes in that multiple employers all coexist under the one trust deed, hence the term ‘master trust’.
The key benefit of a master trust arrangement is that all trustee duties are carried out by a trustee company established for the specific purpose of operating the Master Trust. Employers and company directors are no longer permitted to act as trustees which now relieves them of what could have been some onerous responsibilities under older arrangements.
Master Trust – Executive Pension
The Master Trust Company
Companies operating under the Master Trust arrangement will not need to appoint their own trustee boards to manage the associated governance and compliance requirements – all scheme governance is managed by the Master Trust Company which has been set up by the various providers.
Master Trust – Executive Pension
The key features of a Master Trust Pension are:
Tax relief on your contributions for both employer and employee.
Employer Contributions not subject to PRSI or USC.
Any investment growth is tax free.
Investment scope – employer contribution scope can be significantly higher than personal allowances which are capped at a percentage of gross salary/age bracket.
Master Trust
A Master Trust may suit you if:
You own a limited company and wish to fund a pension for yourself and others.
You wish to fund higher than current personal limits allow.
You wish to reduce your corporation tax liability.
We offer a comprehensive suite of services to cater to various aspects of a client’s needs.
