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government retrospective pension contribution
twiggy_cat
Posts: 1 Newbie
Hello! I'm an UK citizen. My question is: if the employer has done lower pension contribution from my salary and is re-calculating my pension contribution retrospective for 2 years, will the govermnent pay the corespondent difference? Basically my employer has declared my yearly earnings 4 times less than the real amount to the pension group. Should I ask the HMRC or my employes should contact them for this? Thank you in advance for your answer
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Comments
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The 'tax top up' will happen automatically when the contribution is made to the pension scheme (assuming it is a 'relief at source' scheme, where your personal contributions are made out of your pay after deduction of income tax - is it?). They will claim basic rate relief and add it to your 'pot'.twiggy_cat said:Hello! I'm an UK citizen. My question is: if the employer has done lower pension contribution from my salary and is re-calculating my pension contribution retrospective for 2 years, will the govermnent pay the corespondent difference? Basically my employer has declared my yearly earnings 4 times less than the real amount to the pension group. Should I ask the HMRC or my employes should contact them for this? Thank you in advance for your answer
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
This bit makes it sound like it might be a Defined Benefit scheme where the employer tells the pension administrators salary details that they use to calculate the pension accrued during the period (typically a year).twiggy_cat said:Hello! I'm an UK citizen. My question is: if the employer has done lower pension contribution from my salary and is re-calculating my pension contribution retrospective for 2 years, will the govermnent pay the corespondent difference? Basically my employer has declared my yearly earnings 4 times less than the real amount to the pension group. Should I ask the HMRC or my employes should contact them for this? Thank you in advance for your answer
Making the assumption that it is a Net Pay scheme, as many DB schemes are, won't the tax work itself out when the correct EMPLOYEE pension contributions are deducted from pay?0
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