Earnings cap and Preferential creditor: Difference between pages

Revision as of 14:05, 23 April 2023

Liquidation.

A creditor who is entitled to receive certain payments in priority to other unsecured creditors.

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-''Pensions''.
+''Liquidation.''
-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.
+A creditor who is entitled to receive certain payments in priority to other unsecured creditors.
-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 ==
+* [[Liquidation]]
+* [[Preferential]]
+* [[Waterfall]]
+* [[Winding-up]]
+[[Category:Accounting,_tax_and_regulation]]
-== See also ==
+[[Category:Identify_and_assess_risks]]
-* [[Annual allowance]]
+[[Category:Manage_risks]]
-* [[Earnings]]
-* [[Lifetime allowance]]
-* [[Lower earnings limit]]
-* [[Pensionable salary]]