The net-pay anomaly has been in the “too difficult” box for a good number of years culminating in a call for evidence that ran through the summer and into the autumn of 2020.
In brief, the net pay anomaly exists because there are two ways members can get the tax relief into the scheme. One way is via the employer's payroll so that contributions are paid before the deduc...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date