Check your Pension Scheme tax relief

Andy Nicholls is reporting at #CIPPACE19 that a number of employers are applying the wrong tax relief to their workplace pensions.

The tax relief terms are confusing and may be misunderstood.

Net Pay Arrangement have tax relief through pay. They are not pension contributions from net pay.

Relief At Source schemes have no payroll tax relief, the tax relief is claimed by the pension scheme from HMRC.

Employers accidentally apply the incorrect method.

Leave a Reply