High Court confirms that payments to FURBS are not ‘earnings’ for NIC purposes
There are certain pension arrangements that are not set up with the same tax status as registered pension schemes, and so, in particular, contributions to them do not attract tax relief. However, they are also not subject to the same kind of restrictions applicable to registered pension schemes and are often used to provide supplemental benefits to senior employees whose benefits under registered pension schemes have already exceeded the relevant tax-free limits applicable to those schemes…
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