Payment information
What happens to employees’ contributions when they’re on paternity leave?
Contributions can continue to be paid into the employee’s pension pot. The employer should pay the contributions based on the …
What happens to employees’ pension contributions when on maternity leave?
Pension contributions when an employee is on maternity leave, can continue to be paid into the employee’s pension pot. The …
What is the automated collection payment method?
Automated collection means we’ll automatically collect your pension contributions on or immediately after the date you’ve chosen. You can turn …
What is the maximum employer’s contribution?
There’s no maximum employer contribution – employers can pay any amount of pension contributions for their employees. If employers choose …
What’s an earnings basis?
The earnings basis describes the type of earnings used when pension contributions are worked out. If an earnings basis other …
What’s the gross tax basis?
The gross tax basis means contributions are deducted from your employees’ wages before tax is taken. HM Revenue & Customs (HMRC) refer to …
What’s the net tax basis?
Net tax basis is the way contributions are deducted from your employees’ wages after tax is taken. We’ll automatically set …
When an employer pays contributions for their employees, can they can claim the costs back as a tax deductible expense?
Yes – contributions to a registered pension scheme by an employer are allowable as a deduction in their trade profits …
When and how do I pay pension contributions?
You’ve 2 options to pay pension contributions – direct payment, or automated payment. For both options, you’ll need to make …
Where do I send my Direct Debit instruction and proof to?
You can send your Direct Debit form along with proof of the bank account by email to kyc@peoplespartnership.co.uk though please note, …