Pensions
Managing pensions for your staff can be a pain. Let our payroll team take another job off your list.
Do workplace pensions get tax relief?
Yes, workplace pensions do get tax relief in the UK. This means that both employers and employees’ contributions receive relief from their contributions. The pension contributions are deducted from an employee’s gross salary before income tax is applied, reducing the taxable income. For an employer, the contribution is usually treated as a business expense, which is deductible from the company’s profits before Corporation Tax is calculated.
Can you transfer workplace pensions?
Yes, you can transfer workplace pensions at your own discretion. You can even combine all of your different pension pots into one. When people change jobs, it’s often something they consider, but it’s important to be aware of any fees for transferring them over. If you need any advice on whether to transfer it over, speak to our team.
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Get in touchSusie Batista
Susie Batista
I’ve been with Accounts and Legal for just under a year and it’s true to say they’ve helped my business in a huge way. I was recommended them by my business coach which really says a...