Contributions

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