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Supreme Court Pension Decision for small firms
It is good decision for companys pension contribution scheme. Average small firms don't have that size of pension scheme.and they are generally small. I don't thonk make any difference to them.But it is a good decision benefiting small firms.
Excellent news for small business owners who can afford to put a little away towards their own retirement- too many of whom currently don't!
One less burdensome tax to worry about.
Difference
Whats the difference between this and
a) Just putting it in as an employers contribution with a big pension co
b) Just putting it in a Sipp
Supreme court decision for smal firmsl
This is a very good decision . Small firms should take advantage of this so that they can plan well for their retirement.
EBT's?
I assume that this case is of little relevance to pensions and much more to do with the issue of disguised remuneration, and HMRC's ultimate goal of obtaining the PAYE/NIC on EBT/EFURB contributions/EBT loans, pre sch2 FA2011. Very different in context to the Rangers FC case but nonetheless another unhelpful decision for the Revenue.