Contributions

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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