Retail Master Trusts (One Member)

A Retail Master Trust is a one-person Company Pension Plan that can house both Employer and Employee Contributions. This type of Pension is most suitable for Company Executives and Owner Managers.

In terms of contributions, a ‘Max Funding’ calculation can be carried out at any stage to calculate the maximum the Company can contribute into the Pension on a one-off or annual basis. This can give credit for back-service, which is great for company owners who have a long service with a company and had previously neglected company pension contributions.

Importantly when it comes to funding with these Pensions, the amount that the Company contribute does not count towards the personal age-based limits for personal contributions, therefore the Company Executive can maximise personal contributions and receive company contributions also.

The Investment strategy will depend on the appetite to risk and investment objectives of the individual, along with the advice of an Advisory firm like Compass Private Wealth.

Note that Retail Master Trust Pensions can only be set up for individuals are are in receipt of company PAYE income, therefore self-employed / sole traders can’t set up these Pensions, but can instead set up a Personal Pension or PRSA.