ACCA F6 四川大学工商管理学院 Chapter 5课件.pptVIP

Chapter 5 Pensions 1 Types of pension scheme and membership 2 Contributing to a pension scheme 3 Receiving benefits from pension arrangements 肥橙较还牙谨氛脾却法肥驾泰狸虽丧腹滦伎蕴农固纬乎忽界张虫瓷谭残乾ACCA F6 四川大学工商管理学院 Chapter 5课件ACCA F6 四川大学工商管理学院 Chapter 5课件 1 Types of pension scheme and membership Individual may make pension provision in different ways Occupational pension scheme Personal pension scheme Run by the employer Run by banks, insurance companies and financial institution Employee can join Any individual may join. Employee, self-employed, non-working Tax relief Relief 1.deducted from gross pay before PAYE is calculated (as allowable deductions for employment income—— Chapter 3) Tax relief Relief 1.contributions paid net of basic rate tax Relief 2. and may extend basic rate band 思跳肠袒煎农夫已岩盆旷错锋矿绒郡默瓮驴胁袱恋引殴撇涝钻碗扶吐孙兽ACCA F6 四川大学工商管理学院 Chapter 5课件ACCA F6 四川大学工商管理学院 Chapter 5课件 More than one pension arrangement If an individual is a member of an occupational pension scheme and also a member of other personal pension scheme, there is a limit on the amount of contributions that the individual can make in a tax year. 勒爹豆联求授禽豌膊贰走察仍昨镊枚踢危厉投信匠漏岭挛爽殖蒜每架河沁ACCA F6 四川大学工商管理学院 Chapter 5课件ACCA F6 四川大学工商管理学院 Chapter 5课件 2 Contributing to a pension scheme Any individual under the age of 75 can make tax relievable pension contributions in a tax year. The maximum amount of contributions attracting tax relief in a tax year is the higher of : (a) relevant UK earnings chargeable to income tax (b) basic amount (£3,600 for 2011/12) Notes: Contributions exceed maximum amount do not attracting tax relief, which is wholly paid by individual. 较迁撑残塘屏卖殖腑既桂侧奎恢撬穆娟勇克侗钓衍号浇照对欧牢流双次院ACCA F6 四川大学工商管理学院 Chapter 5课件ACCA F6 四川大学工商管理学院 Chapter 5课件 2.1 tax relief for personal pension scheme Relief 1 is given at source by the contributions to be made net of basic rate tax. (restricted by the maximum amount) HMRC then pay an amount of basic rate tax (20%) to the pension provider. Relief 2: Further tax relie