Syllabus C5
The use of pension contributions 5 / 6
a) Identify the schemes available
i) occupational pension schemes
ii) privatepensionplans.
b) Define net relevant earnings.
c) Explain the maximum contributions allowed for tax relief
i) occupational schemes
ii) personal pension plans
iii) stakeholder plans
iv) employee, employer and self employed.
d) Show how the relief is given
i) deductions from salary
ii) basic rate tax withheld at source
iii) higher rate tax relief given via basic rate band extension.
iv) additional rate tax relief given via higher rate band extension.
e) Show the tax effects of employer contributions
i) on the employer
ii) on the employee.