Pension Contributions
It is now a requirement for an employer to contribute to a pension scheme for an employee. However, if you employ five or more staff, then you are required to offer a “stakeholder” pension facility enabling your employees to contribute via your payroll system.
If you do wish to contribute to a scheme for an employee, this is known as an “employer pension contribution”. This would be treated as an expense for the company and therefore would be tax deductible.
However, with the commencement of auto-enrolment in October 2012, companies are now required to enrol eligible employees into workplace pension schemes and make minimum contribution.