taxBasis
Synopsis | The method used to collect tax relief on pension contributions. |
Where used | /accounts/{accountId} response |
Pension contributions attract tax relief. There are two ways in which this can be applied, and we call the method used the ‘tax basis’. Employee contributions can be paid to the scheme using either
- relief at source (in the API we refer to this method using the value “Net”) or
- the net pay arrangement (in the API we refer to this method using the value “Gross”).
The People’s Pension accounts default to relief at source, but employers can choose the net pay arrangement if necessary. For more information see our guide “Helping you with tax relief“.
Data type | String |
Constraints/format | Either "Gross" or "Net" |
Example | ... |
See also |
Worker Group employeeContributionAmount Worker Group employeeContributionPercent |