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Post Info TOPIC: Help with allocating pension
Cheshire


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Help with allocating pension
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Edited out

 



-- Edited by Cheshire on Thursday 31st of May 2018 02:36:40 PM



-- Edited by Cheshire on Thursday 31st of May 2018 02:40:38 PM

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 Joanne 

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Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

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Leger


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Hi Joanne

Seems to me he's set up a pension scheme that has no contributions from the Director, only the Ltd, which is why there's no deductions showing on the payroll. As far as I understand it, the employer contributions are allowable, and are corp tax deductible. 

Is the question where to allocate the £400 on the accounts?  If so, I will check in the morning when I get to the office.  I did one of these a while back, although that was a 50/50 split. 



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John 

 

 

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Cheshire


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Hi John
Thanks. Sorry the heading/my rambling is misleading. Really what I was wanting to check was whether or not it should have gone via payroll given what was said on page 3, I guess.





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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Bucks Bodger


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Hi Joanne

This is very odd - if I look at the attached document in the above post on my mobile there is no redaction, I can see all of the
information which you have tried to hide.

On my desktop, I can't see it, it is redacted.

Very strange - and potentially breaking the GDPR rules?

Eunice

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Eunice Cubbage
Cheshire


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Thanks for the heads up Eunice.

No idea how in hell that works then with pdf redactions, very strange.

Ive managed to remove the offending item and will clearly have to report myself.

Thats the last time I ask a Q on here! Gets me in too much hot water.

Plus still none the wiser on the issue.


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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Mike W


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Hi Joanne

My understanding is that as long as the companies payments to a pension company are gross it is allowable and doesn't need to go through payroll. Not sure if that helps in your situation?



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Mike
Leger


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Cheshire wrote:

Hi John
Thanks. Sorry the heading/my rambling is misleading. Really what I was wanting to check was whether or not it should have gone via payroll given what was said on page 3, I guess.

 Can't check what was on page 3 now but unless he was contributing personally I can't see how you would have been able to have put it through payroll.  If it helps I only saw the redacted attachment as I don't use mobile when viewing the forum.



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Cheshire


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Mike W wrote:

Hi Joanne

My understanding is that as long as the companies payments to a pension company are gross it is allowable and doesn't need to go through payroll. Not sure if that helps in your situation?

 Thanks for your help Mike



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Cheshire


Master Book-keeper

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Date:
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Leger wrote:
Cheshire wrote:

Hi John
Thanks. Sorry the heading/my rambling is misleading. Really what I was wanting to check was whether or not it should have gone via payroll given what was said on page 3, I guess.

 Can't check what was on page 3 now but unless he was contributing personally I can't see how you would have been able to have put it through payroll.  If it helps I only saw the redacted attachment as I don't use mobile when viewing the forum.

 Thanks John.  Had to delete in case anyone else could see it on a mobile. Thought I was being so careful!



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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