BT moves pension payment forward

first_img Share Tags: NULL BT moves pension payment forward whatsapp Show Comments ▼ BT HAS paid the latest installment to its pension deficit programme nine months early in order to qualify for the tax deductible corporation tax rate of 28 per cent, rather than the 26 per cent rate that will apply from April.BT says the decision to pay £505m into the BT Pension Scheme, the actuarial value of the £525m due to have been paid in December, made financial sense. The timing of the tax deduction will also be brought forward to the first-half of the upcoming financial year.BT, which has agreed to pay £525m a year for the first three years of its 17-year recovery plan, said the early payment would not affect the group’s previously announced outlook for free cash flow.The first two payments were made in December 2009 and December 2010. The next payment was due in December 2011.BT’S pension deficit, which stood at £9bn in 2009, fell by £2.9bn last year thanks to recent changes in inflation calculations. center_img Wednesday 30 March 2011 7:30 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmCrawl Space RepairFoundation Repair Cost In Scottsdale May Surprise YouCrawl Space RepairElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarPersonal Loans | Search AdsAmericans May Get Loans Approved Regardless of Credit: Take A LookPersonal Loans | Search AdsCleaning Services | Search AdsThe Cost of Cleaning Services In Scottsdale Might Surprise YouCleaning Services | Search AdsPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Fun whatsapp Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

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