Determination and Earnings cap: Difference between pages
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imported>Doug Williamson (Create page. Source: HMRC webpage https://www.gov.uk/guidance/determinations-if-you-dont-file-a-company-tax-return and linked page.) |
imported>Doug Williamson (Classify page.) |
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''Pensions''. | |||
A | A former limit (in the UK) on the amount of pensionable remuneration on which the benefits and contributions of a pension scheme member could be based, which applied to periods up to April 2006. | ||
The earnings cap was replaced by the lifetime allowance and the annual allowance limits. | |||
However, many company and public sector defined benefit pension schemes may continue to use the earnings cap in order to restrict pension contributions and pension benefits payable. Other employers and pension schemes may choose to set their own earnings caps, resulting in similar effective restrictions. | |||
== See also == | |||
* [[Annual allowance]] | |||
* [[Earnings]] | |||
* [[Lifetime allowance]] | |||
* [[Lower earnings limit]] | |||
* [[Pensionable salary]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 07:44, 28 January 2022
Pensions.
A former limit (in the UK) on the amount of pensionable remuneration on which the benefits and contributions of a pension scheme member could be based, which applied to periods up to April 2006.
The earnings cap was replaced by the lifetime allowance and the annual allowance limits.
However, many company and public sector defined benefit pension schemes may continue to use the earnings cap in order to restrict pension contributions and pension benefits payable. Other employers and pension schemes may choose to set their own earnings caps, resulting in similar effective restrictions.
