Where a company contributes to a personal pension scheme of a director rather than a company pension scheme what should be disclosed in the accounts? Anything? Or, since thepayment is in replacement of a salary bonus, should it just be included in the overall figure for remuneration?
FRSSE refers to the company operating a defined contribution pension scheme, but doesn't make any mention of contributions to personal schemes.
Comments appreciated.
Adam
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Same thing
The company *is* operating a defined contribution pension scheme. The form of the trust is irrelevant.
All personal pensions and stakeholders are the beneficial property of the individuals however they are set up, group or otherwise.
The policy note is correct, and the amount paid should be disclosed in exactly the same way as if it had been paid to an occupational scheme.
NeilW