Farley And Partners

Pensions

Employer contributions to your pension scheme or your own personal pension policies are not liable for tax or NICs. The employee’s contribution attracts tax relief but not relief from Social Security.

You should be aware that while your employer can contribute to your personal pension scheme, these contributions are added to your own for the purpose of measuring your year’s pension input against the annual allowance. Extra relief may be available dependent on your level of contributions during the last three tax years. Please ask us or your normal pension adviser for advice.

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