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Executive Pension PlansThis term is now redundant in its technical pre-April 2006 sense, although it is expected to continue as a marketing/descriptive term. If you have an existing Executive Pension Plan it will continue and you / your employer can invest as much as the Annual and Lifetime Allowance rules allow. Executive Pension plans were largely for senior staff and those who control their own company. The details are very complex, and have been subject to various changes over the years, but in general it is a matter of the employee and employer contributing to build up a fund that can be used to buy a pension. Normally the employer contributes the larger proportion. Their main attraction is that they often allow larger contributions to be made than to other types of pension available and can be a powerful tool to help maximise pensions and minimise tax.
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