Reference 2019-644

REF:            2019-644

Subject:        Pension tax relief

 

Request:

  1. Whether your organisation has a policy of offering payment equivalent to the employer pension fund contributions to employees who opt out of the scheme? And if so:
  2. a) when was this policy adopted?
  3. b) is this option offered to all employees by default, or is it considered on a case by case basis following requests?
  4. c) how many employees have taken advantage of this policy since its adoption?
  5. d) what was the total value of payments made until the end of July 2019?
  6. Whether your organisation has made an assessment of the number of employees who are likely breach the annual allowance? If so, what assessment was made?
  7. How many employees have left employment as a result of pension taxation issues?
  8. How many employees have applied to reduce their working hours as a result of pension taxation issues? And how many such applications were successful?
  9. Whether an internal briefing or assessment on the impact of changes to pension taxation has been provided? If so, could a copy of that document be provided?

 

 

Response:

1. Whether your organisation has a policy of offering payment equivalent to the employer pension fund contributions to employees who opt out of the scheme? And if so: No
a) when was this policy adopted? N/A
b) is this option offered to all employees by default, or is it considered on a case by case basis following requests? N/A
c) how many employees have taken advantage of this policy since its adoption? N/A
d) what was the total value of payments made until the end of July 2019? N/A
2. Whether your organisation has made an assessment of the number of employees who are likely breach the annual allowance? If so, what assessment was made? No
3. How many employees have left employment as a result of pension taxation issues? We do not record this information
4. How many employees have applied to reduce their working hours as a result of pension taxation issues? And how many such applications were successful? We do not record the reason for why employees have amended their hours.
 5. Whether an internal briefing or assessment on the impact of changes to pension taxation has been provided? If so, could a copy of that document be provided? Please find information attached.

Dear Colleague [187 kb] PDF

Scheme Pays [400 kb] PDF