HL FLEXINVEST

Savings and investments through payroll

HL FLEXINVEST

Savings and investments through payroll

IMPORTANT NOTES HL Workplace is a service for employers, not individual investors. Our service isn’t financial advice, but we can provide advice for an extra charge. Tax rules can change, and benefits depend on individual circumstances. Investments can fall as well as rise in value, you could get back less than you invest.

Welcome to HL FlexInvest

Stephen Lefley

Head of Workplace Solutions

HL FlexInvest allows employers to simplify pension and investment benefits through payroll. We provide access to pensions and investment accounts through a modern, simple-to-use online platform.

The way it works is simple – employees can redirect pension and other entitlements into savings and investing accounts alongside their pension (subject to automatic enrolment minimums).

We’re on a mission to improve the financial resilience of the nation. HL FlexInvest is the next stage of the journey. It offers something for everyone – those with restricted pension allowances, those saving for a house deposit, or even families saving for their children.

For employees

Options at their fingertips

HL FlexInvest offers pension contribution modelling and redirection. Members decide how much goes into their pension and how much goes into an ISA or Fund and Share Account. Pension contributions may be subject to automatic enrolment minimums.

Manage allowances

Start and stop contributions to manage allowances and protections. There’s an automatic cap on monthly ISA amounts to avoid oversubscription.

Tax taken care of

Pension contributions can be made using Salary Sacrifice, removing the need to claim back additional tax relief. Payments to other accounts are made net of income tax and National Insurance.

Investment options

As well as options to help people get started with investing, more confident investors can choose from an extensive range of funds and other investments.

For employers

Administration made easy

The backend process is fully payroll gateway enabled. Our platform does the heavy lifting, we process new joiners, update employee information, open new accounts and issue welcome communications.

Expert support

Our specialist team is on hand to help with queries and our Bristol-based helpdesk provides ongoing support to employees. Our team of dedicated Relationship Managers are there to support employers with more technical, legal or governance queries.

You choose the options you offer

Offer pension redirection (of contributions above automatic enrolment minimums) to employees you choose or to your entire workforce. Any employees affected by reduced pension allowances can quickly allocate additional entitlement to other accounts.

Choose from our range of award-winning accounts

  • Group Self-Invested Personal Pension (SIPP) At the heart of HL FlexInvest is our award-winning workplace pension. Our SIPP can be used as a full scheme replacement or complement your existing pension.
  • Workplace Stocks and Shares ISA ISAs (Individual Savings Accounts) are one of the most popular and accessible ways to help employees benefit from generous tax breaks. They’re easy to understand, flexible, and best of all, you don’t have to pay UK tax on your investments.
  • Workplace Fund and Share Account Our Workplace Fund and Share Account is an easy-to-manage investment account useful for those employees who are affected by restricted pension allowances or have used their ISA allowance for the year.

We’ll be developing HL FlexInvest in the future too. Follow us on LinkedIn or sign up for our newsletter to be the first to hear about developments.

Range of investments

Whether employees are new to investing or more experienced, they can use our expert updates, research and guides to help save and invest with confidence.

  • Default Pension Fund Pension contributions are automatically invested into a low-cost default investment fund. The fund is actively managed.
  • Ready-made portfolios Leave it to the experts with our all-in-one portfolio funds. They’re a great starting point for those who are new to investing.
  • Wealth Shortlist Our expert’s list of favourite funds, designed to help investors build well-balanced and diversified portfolios.
  • Full investment choice Choose from over 4,000 funds, company shares, investment trusts, ETFs and bonds.

Let’s Talk

For more information about HL FlexInvest or any of our other services, please get in touch. We also work in collaboration with leading pension consultancies. If you already work with one, speak to them about our services.

0117 314 1783

workplace@hl.co.uk

www.hl.co.uk/workplace