OMERS Pension Guide

CIL Example Member A

£250,000 Basic Salary

On £250,000 Basic Salary

Standard Routine Employer Contribution to Pension

10%

£25,000

Personal Contribution 0% £0 Applies for TAA Cash in Lieu Allowance Employer Contribution to Pension £10,000 Pre-deduction monthly CIL Allowance £15,000

CIL Allowance of £15,000 per year (£1,250 per month)

£10,000 (£833.33 per month) added to Pension

Corporate NI (15%) must be paid on a Cash in Lieu

£15,000 ÷ 115% = £13,043 Annual CIL

£13,043 ÷ 12 months = £1,086.92 added to monthly pay

Subject to Income Tax and personal NI in the same way as Salary

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