Contributions: Difference between revisions
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''Pensions.'' | ''Pensions.'' | ||
Payments made into an occupational pension scheme by the employer and/or the employee. | Payments made into an occupational pension scheme by the employer and/or the employee. | ||
Contributions are normally classifiable as ‘normal’, generally calculated as a percentage of pensionable salary, or, in the case of employer contributions, ‘deficit reduction’. The former are designed to provide for the benefits accruing over the period concerned, the latter to reduce any deficit. | |||
== See also == | == See also == | ||
Revision as of 23:05, 5 November 2012
Pensions.
Payments made into an occupational pension scheme by the employer and/or the employee.
Contributions are normally classifiable as ‘normal’, generally calculated as a percentage of pensionable salary, or, in the case of employer contributions, ‘deficit reduction’. The former are designed to provide for the benefits accruing over the period concerned, the latter to reduce any deficit.
See also
- Additional voluntary contributions
- Adjusted contribution rate
- Augmentation
- Contribution rate
- Salary sacrifice
