Workplace Pensions

[TheFaQQer]

Thats the crox really - if the employees contributions are pre-tax the it's worthwhile if not I'm not sure if there is any benefit??

crux

[Bluebird]

Enrolling into a pension at work : Directgov - Pensions and retirement planning

The staging for small companies is a few years away yet. As a contractor you can simply opt out and carry on paying into your own private pension direct from the company if you want to.

yep, I sort of understood that.

I just wondered if anybody had looked into whether it was benificial or not?

I pay into a stakeholder pension as an individual - so for every £100 [ post tax ] I pay I get tax relief of anout 20% which means that I effectively pay in £120 tax free.

If I opt in, my guess is that the employers and employees contributions are pre-tax + the gvt puts in 1/8, so for my £120 invoiced?

Thats the crox really - if the employees contributions are pre-tax the it's worthwhile if not I'm not sure if there is any benefit??

[jmo21]

So the government won't put 1/8th into my Ltd funded SIPP then?

boooooo!!!

[Clare@InTouch]

Enrolling into a pension at work : Directgov - Pensions and retirement planning

The staging for small companies is a few years away yet. As a contractor you can simply opt out and carry on paying into your own private pension direct from the company if you want to.

[jmo21]

link?

[Bluebird]

Anybody looked into these yet and what the implications are for contractors?

Doesn't look overly good, I guess it means that you can contribute into a pension fund via your Ltd and this comes off before Corp Tax etc, and the gvt puts in 1/8th into the pot as well...

Is it worth us starting off and registering before the staging date for small companies?

Dave