Pay as you earn and Pay as you go: Difference between pages

Revision as of 14:20, 23 October 2012

(PAYG). 1. Pensions. A pension arrangement under which benefits are paid out of revenues and no funding is set aside to meet future liabilities.

2. Any other arrangement in which payments are made from time to time.

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-''UK tax.''
+(PAYG).
+. ''Pensions.''
-(PAYE).
+A pension arrangement under which benefits are paid out of revenues and no funding is set aside to meet future liabilities.
-The system used in the UK to collect income tax and national insurance contributions from employees.
-Income tax and national insurance, together with other items such as student loan repayments and pension contributions, are deducted from wages and salaries by the employer, throughout the tax year.
+. Any other arrangement in which payments are made from time to time.
 == See also ==
-* [[Collect]]
+* [[Unfunded scheme]]
-* [[Employee]]
-* [[Employer]]
-* [[Income Tax]]
-* [[National Insurance]]
-* [[Payroll tax]]
-* [[Pension]]
-* [[Tax]]
-[[Category:Accounting,_tax_and_regulation]]