Continuing our series on 'Tax in turbulent times' Lee Jagger and Ian Cochrane of KPMG LLP look at significant pension issues and the associated corporation tax implications
According to recent surveys of UK corporate pension schemes a majority expect their sponsoring employers to have to increase the contributions they make following the next valuation. This from a pensions perspective is the primary consequence employers will face following the recent credit-crunch-related financial volatility. With a tax deduction generally available to companies for contributions on a paid basis this helps to lessen the financial burden. However companies will need to consider carefully how and when they will gain the tax benefits of any contributions.
More generally though recent events and the problems that they...
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Continuing our series on 'Tax in turbulent times' Lee Jagger and Ian Cochrane of KPMG LLP look at significant pension issues and the associated corporation tax implications
According to recent surveys of UK corporate pension schemes a majority expect their sponsoring employers to have to increase the contributions they make following the next valuation. This from a pensions perspective is the primary consequence employers will face following the recent credit-crunch-related financial volatility. With a tax deduction generally available to companies for contributions on a paid basis this helps to lessen the financial burden. However companies will need to consider carefully how and when they will gain the tax benefits of any contributions.
More generally though recent events and the problems that they...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")