NIM02716 - Earnings of employees and office holders: retirement benefits schemes from 6th April 2006 - registered pension schemes: employer's payments into such schemes
Paragraph 2(a) of Part 6 of Schedule 3 to the Social Security (Contributions)Regulations 2001 (as inserted by regulation 8(3) of the Social Security (Contributions) (Amendment No. 2) Regulations 2006)
Section 308 ITEPA 2003 (as substituted by section 201(2) Finance Act 2004 from 6th April 2006)
Section 308 ITEPA 2003 provides that an individual is not liable to income tax where an employer makes a payment to a registered pension scheme “RPS”, see NIM02715. Where that section applies, such a payment is disregarded in the calculation of earnings for Class 1 NICs purposes.
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