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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 …
When will the minimum contributions increase?
The minimum contributions were introduced in 3 stages known as phasing. If the qualifying earnings basis is being used, the …