Pension contribution has been processed by umbrella as private contribution instead of salary sacrifice, HMRC already got their money and the rest of it is already invested meaning around 20% lost. Is there anything that can be done to revert it back and do it as salary sacrifice?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Pension payment as private contribution instead of salary sacrifice
Collapse
X
-
-
Have you asked your employer i.e the umbrella? Ask them if it's their mistake, why they've done it and what are they going to do about it?'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by northernladuk View PostHave you asked your employer i.e the umbrella? Ask them if it's their mistake, why they've done it and what are they going to do about it?Comment
-
OK, a few questions:
1. Is this for one month, or for several months?
2. When did it first occur?
3. When did you first notice it?
4. Who is the umbrella?
5. What did you ask them to do in terms of pension?
6. Do you have written confirmation from them that they had agreed to do what you requested?…Maybe we ain’t that young anymoreComment
-
Got to say that a payroll services provider that doesn't understand pension payments is not a company to be dealing with. Perhaps escalate your question to someone in the company who actually knows what they're talking about rather than the office junior on the phone line.Blog? What blog...?Comment
-
I'm trying to help someone having this issue so don't want to name and shame until i have full picture.
The issue happened on several payments and first occured 4 months ago.
Noticed recently (a few days ago).Comment
-
Originally posted by fabios View Post
Yes to both questions and they are not very helpful. Took me a while to explain them that there is a difference between both type of pension payments. The reason I'm asking here is because I'm trying to understand what practically can be done.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Labour’s plan to regulate umbrella companies: a closer look Nov 21 09:24
- When HMRC misses an FTT deadline but still wins another CJRS case Nov 20 09:20
- How 15% employer NICs will sting the umbrella company market Nov 19 09:16
- Contracting Awards 2024 hails 19 firms as best of the best Nov 18 09:13
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
- IT contractor demand floundering despite Autumn Budget 2024 Nov 11 09:30
- An IR35 bill of £19m for National Resources Wales may be just the tip of its iceberg Nov 7 09:20
- Micro-entity accounts: Overview, and how to file with HMRC Nov 6 09:27
Comment