Forum Message

Accounting for payments into a pension scheme

I am a one-man band limited company, and have (finally) got round to setting up a stakeholder pension scheme.

Is there any particular thing that I should note in accounting for this, or do I simply set up an expense category (e.g. a sub-category of employee costs) that the company pays for and record it as an expense ?

Would love to see this incorporated into a future release.


Posted by Rob Pritchard on Jan 21, 2012 12:50 PM GMT

Hi Rob,

Yes my guess is that you should record it by allocating the payment to 'Employee Costs'. However, I'm not an expert on the accounting treatment for pension schemes - you should check this with your accountant.

Regards,


Posted by Mark McLaren (Solar Accounts) on Jan 21, 2012 3:16 PM GMT