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Employee and director pension contributions

19/11/2014 Consider switching from employee pension contributions to employer contributions made on behalf of employees to reduce NIC costs. This is a very tax effective way of rewarding employees as full tax relief is given on the contribution made by the company and the employee/director is not taxed on this as a benefit in kind. The NI savings are considerable when bearing in mind that between employer and employee these can be as much as 28%!

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