CSA and pensions

markeymark

My current pension is non contributory, basically all i pay is for widows and orphans fund, what I want to know is am i allowed to top up my pension, i can take out a shareholder pension to boost current one

how would this affect CSA payment and calculation?

DUTR

Depends on what scheme you are on, if the csa levied the sanctions since march 2003 then chances are you are on csa 2, which a net 15-25% salary after tax NI and pension contribution.

CSA_Help

markeymark wrote: »

My current pension is non contributory, basically all i pay is for widows and orphans fund, what I want to know is am i allowed to top up my pension, i can take out a shareholder pension to boost current one

how would this affect CSA payment and calculation?

They only allow you 1/2 your pension contributions in your assesment under CSA1

i.e pay £100 and they only allow £50

I.e your take home £450 after all your deductions you would have an acessable income of £500

Doesn't seem fair does it

markeymark

CSA_Help wrote: »

They only allow you 1/2 your pension contributions in your assesment under CSA1

i.e pay £100 and they only allow £50

I.e your take home £450 after all your deductions you would have an acessable income of £500

Doesn't seem fair does it

personally i cant complain with my pension provisions as im on civil service classic pension which is quite good, for a change!

wasn't asking as to how much i could put away so my CSA payments go down incase some NRP bashers on here would think

a few of us have serious probs with CSA in some form but my conclusion is best just to get on with it as you cant fight an unfair system and win