Pension Rules

[Jock1953]

How about a section on Pension Questions? My employer tells me my Shift Pay Allowance cannot be factored into my pension when I retire. The Revenue rules say that it does not count if I have not been paid it in the last 13 years. I need to check this but how and where?

[dasherman]

It'll all depend on the rules of your pension scheme. Some schemes include all of your pay including bonuses, shift payments, etc and some don't.

[Jock1953]

Thanks for your advice dasherman. Any other ideas and where can I find it under the Revenue rules?

[factor-fiction]

I don't think it's an issue for HMRC (formerly Inland Revenue)- it's up to your scheme/employer to decide what elements of pay are pensionable. If you paid pension contributions on any income then it's pensionable. However if it's a final salary scheme and the shift allowance wasn't paid in the last 14 years then it won't be part of your final salary which will be based on your salary over the last two years or so

[Jock1953]

Thanks for the advice factor30. I guess I can forget about it then. Oh well no Aston Martin I shall have to make do with my Ford Focus!