Ask a question
- All questions (1067)
- Business planning (58)
- Community Engagement (100)
- Computers & Communications (133)
- Employment Issues (124)
- Finance Management (31)
- Grant Funding (301)
- Legal Issues (200)
- Rural Services (49)
- Board Recruitment (27)
- Project Planning (11)
All Experts OnlineHow can I make catch-up pension contributions?
Answered 4 Sep 2007 by j.ditchfield
Question
I have just discovered according to our funders that we are meant to be paying pensions. This backdates to Apr 06. The rate in the bid is 18% of the salary. The questions are: - two of those no longer work for the CCP, can we pay them directly or can we only pay into pension fund. any advice? Paul, Crook Partnership
Answer
It is important that you make good on the commitment to your funder and to your employees by paying the monies over as soon as possible.
Personal Pension schemes will receive back-dated payments this can be arranged by contacting the individvual personal pension scheme providers. If the individuals concerned do not have personal schemes then I suggest that they take out a simple Stakeholder or personal pension scheme.
- Login to post comments
TAGS:
Please note that Experts Online is designed to provide guidance in good faith at the stated date, but without accepting liability. In individual circumstances it may be necessary to seek professional advice.
Experts Online - a service of Networks Online
This attribution must not be removed.
© Networks Online 2009
Expert profile
Mini biog
John Ditchfield worked in Credit Union development for five years before taking the (CII) Chartered Institute of Insurers, Financial Planning exams and qualifying as an Independent Financial Advisor (IFA).