Until about 18 mths ago I used to get minimum contributions back from HMRC (directly into my PPP) as I was paying the 11% contracted in rate.
Then I changed jobs to an organisation which has it's own contracted-out scheme so my contributions are now 9.4%. So far so good. But my understanding is that anyone in Band D (which I now am) as opposed to Band A (which I was) does not get minimum contributions because, effectively, they are already getting that "discount". Fair enough. However, I note that I have been allocated minimum contributions based on the LEL (column 1 on the P60) for last year even though it's shown as Band D. Not that I'm complaining (!) but that's not right surely is it?
Would appreciate your thoughts or, more specifically, anyone who just has Band D earnings on their P60, are you getting the same thing?
Nick
Minimum Contributions
1 post • Page 1 of 1
Minimum Contributions
by njb55rtd on Mon Nov 08, 2010 4:39 pm
- njb55rtd
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1 post • Page 1 of 1
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