It’s that time of the year when year-end reporting for PAYE is in focus.
Everybody is confused about the yearend tasks, taxable benefits, PAYE settlement agreements.
Due to auto enrolment many of the employers are now paying pension to their staff.
I was confused about whether employer’s contribution towards pension will be a taxable benefit.
No where I have heard that it is the case but it is always good to double check if a doubt comes to your mind.
I started searching – no answers !!!
Finally I came across HMRC guide CWG2 , it clearly states that Pension contributions are NOT to be included PAYE tax or NIC ; refer Chapter 5