Occupational Pension Schemes (Hansard, 18 July 2002)

HC Deb 18 July 2002 vol 389 c469W 469W

§ Mr. Steen
To ask the Chancellor of the Exchequer what incentives he provides to encourage employers to offer occupational pension schemes for their employees. [70442]

§ Ruth Kelly
Employers get tax and National Insurance relief to encourage them to offer occupational pensions schemes for their employees.
Employer contributions to occupational pension schemes are normally exempt from corporation tax. And, where the scheme is contracted-out of SERPS, the employer pays a lower rate of National Insurance contributions.