Image:
David Brooks is technical director at Broadstone
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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
