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pension

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.

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August 21, 2017 at 7:36 pm #402823
firelion28
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why is it that the pension contribution is treated as expense for an employees net emoluments, and NIC is not treatd as an expense cosnidering they are both similar, so why are they treated seperately.
thanks
August 22, 2017 at 12:58 pm #402938
Tax Tutor
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They are not similar – NIC is a tax that goes to HMRC whereas a contribution into an occupational pension scheme is a payment into your own pension fund to provide you with a bigger pension when you retire
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