HC Deb 21 April 1980 vol 983 c20W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer what information is held by the Inland Revenue concerning the topping-up of pension funds out of profits; and what tax reliefs are allowed for this practice (a) to the company and (b) to employees who are asked to contribute more when topping-up.

Mr. Peter Rees

Information on the topping-up of pension funds out of profits is not held centrally by the Inland Revenue. Such payments by companies are allowable as tax deductions but the Inland Revenue may require large payments to be spread forward for tax relief purposes over up to five years. Any such contributions by employees attract tax relief as expenses to the extent that they can be regarded as part of ordinary annual contributions.

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