Pensions—general considerations for employment lawyers
Pensions—general considerations for employment lawyers

The following Employment practice note provides comprehensive and up to date legal information covering:

  • Pensions—general considerations for employment lawyers
  • Relevant European legislation
  • The auto-enrolment duty
  • Types of pension schemes
  • Occupational pension schemes
  • Final salary schemes
  • Money purchase schemes
  • Hybrid schemes
  • AVCs and purchasing extra years
  • Small self-administered schemes (SSASs)
  • More...

Pensions—general considerations for employment lawyers

Payment into pension schemes registered with Her Majesty's Revenue and Customs has significant tax advantages for both employers and employees: employees obtain income tax relief on their contributions and employers obtain corporation tax relief. Pension schemes are also a way of attracting and retaining employees.

This Practice Note provides an overview of some of the key pensions issues that an employment lawyer will typically encounter and to signpost more detailed content available. It is not intended to provide a comprehensive analysis of the legal and practice issues.

For details of the ‘beginners' guides’ to pensions that are available, see: Pensions beginners’ guides—overview.

Relevant European legislation

This Practice Note contains references to case law of the Court of Justice of the European Union (CJEU). Broadly, EU judgments handed down on or before the end of the Brexit transition period/IP completion day (11 pm on 31 December 2020) continue to be binding on UK courts and tribunals (even if the EU courts later depart from them) until the UK courts exercise their powers to diverge. For the most part, EU case law made after that date is not binding on the UK, although the UK courts and tribunals may continue to ‘have regard to’ EU judgments if relevant. For more detailed information on the treatment of EU case law, see Practice Note: Introduction to retained EU

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