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Employer Pension Contribution on PaySlip but NOT in Account

deltrotter
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Employer Pension Contribution on PaySlip but NOT in Account

#297608

Postby deltrotter » April 4th, 2020, 9:36 am

Hi all

Follow on from my previous question.

My employer's contribution (the first one for my new employer) is on my payslip that went out on 31st March.

The contribution is NOT visible in my pension account with Standard Life (I believe it takes at least 10 days to be displayed) and this will fall into the next tax year.

For self-assessment purposes do I put the payment as being in this current tax year as per the payslip or next year's (starting Monday) as per the pension account with SL?

Many thanks

Del

pochisoldi
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Re: Employer Pension Contribution on PaySlip but NOT in Account

#297626

Postby pochisoldi » April 4th, 2020, 10:34 am

The relevant date would appear to be the date on the payslip

https://www.gov.uk/hmrc-internal-manual ... /ptm041000

Deemed date of contributions

The date of payment of the contribution depends on what method is used to pay it.
...
Member contribution made via employer deduction through payroll

The employer effectively acts as collection agent for the transmission of employee contributions taken from their pay and passed on to the relevant pension scheme administrator.

The date of payment in the case of a contribution made under the net pay arrangements is the date of deduction from the employee’s pay.

fca2019
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Re: Employer Pension Contribution on PaySlip but NOT in Account

#297642

Postby fca2019 » April 4th, 2020, 11:07 am

Yes its the payslip date as that's the date which counts, even though the employer will pay over in april.

deltrotter
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Re: Employer Pension Contribution on PaySlip but NOT in Account

#297705

Postby deltrotter » April 4th, 2020, 1:36 pm

Thanks guys, appreciated!

Cheers

Del


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