Originally posted by fidot
View Post
- 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!
Reply to: pension payments after April 2020
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "pension payments after April 2020"
Collapse
-
-
Originally posted by JohntheBike View PostOK, but I guess we will have to see what happens.
While tax sorts itself out at year end, you lose employee NI unless you can salary sacrifice. Shop around for an umbrella that allows this.
Some employers even contribute the saved employers NI into the pension. I'd be surprised if an umbrella did this though.
Leave a comment:
-
Originally posted by Paralytic View PostYou seem to be getting confused with Inside IR35 and going via an Umbrella. They are completely different things.
The pensions discussions here are regarding going via an Umbrella.
Leave a comment:
-
Originally posted by JohntheBike View PostHMRC have already announced that anyone judged inside by a client will not be allowed to deduct pension payments from gross income prior to deduction of taxes.
Leave a comment:
-
Originally posted by JohntheBike View PostHMRC have already announced that anyone judged inside by a client will not be allowed to deduct pension payments from gross income prior to deduction of taxes. The requirement to operate auto enrolment would seem to counter this. That's why I say that any auto enrolment which doesn't deduct the pension prior to deducting the taxes might be challenged legally at some point.
The pensions discussions here are regarding going via an Umbrella.
Leave a comment:
-
Originally posted by northernladuk View PostYou are allowed to opt out of auto enrollment for 3 years at a time.
I thought pension was from gross so no need to challenge in court.
Leave a comment:
-
Originally posted by JohntheBike View Postaren't organisations of greater than 50 employees obliged to auto enrol employees into pension schemes? Then if they don't allow pension contributions to be deducted from gross prior to taxes being applied, I can see someone challenging this in court. But as a previous poster indicated, HMRC's approach is tax first and deal with the fall out later.
I thought pension was from gross so no need to challenge in court.Last edited by northernladuk; 12 December 2019, 13:01.
Leave a comment:
-
Originally posted by JoJoGabor View PostI'm not sure what the umbrella companies off you but you can also put money into a private pension to gain your 40% tax relief.
Another thing I'm not sure about is whether that money would be exempt from the employee and employer NI contributions (I doubt it)
Leave a comment:
-
CU offer a salary sacrifice pension scheme.
payment is gross of NI and tax.
i think Clarity do too.
they both post on here.
Leave a comment:
-
I'm not sure what the umbrella companies off you but you can also put money into a private pension to gain your 40% tax relief.
Another thing I'm not sure about is whether that money would be exempt from the employee and employer NI contributions (I doubt it)
Leave a comment:
-
pension payments after April 2020
so assuming IR35 reform goes ahead whoever wins today !
my question as a contractor of 20 years is this, if I'm taxed as an employee....presumably of the agency i'm forced to work thru .....will I be able to join their work place pension scheme and pay a chunk into that each month before tax .....or will that be another employee benefit I wont be receiving in addition to the others.Tags: None
- 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
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: