Employer Pension Contributions for Company Directors
There are three main benefits to making employer pension contributions from your business:
…1. It’s an allowable business expense – reduce your company’s corporation tax bill
…2. You pay no income tax on the contribution, unlike salary or dividends
…3. Your pension can grow tax-free
How to Reduce Your Tax Bill
Employer pension contributions are treated as a deductible expense, reducing your corporation tax. There’s also no income tax or dividend tax to pay on employer pension contributions.
By making a pension contribution of £10,000, you can save up to £4,530 in tax compared to paying yourself a salary.
Free Business Pension Consultation
If you’re looking for advice on how to make employer pension contributions from your business, we offer a free consultation.
We will discuss how you can use your business to make pension contributions and how to reduce your tax bill.
>>> Book Free Business Pension Consultation <<<
Free Business Pension Guide
Download our free guide, which will tell you:
… ✓ What the benefits are of making employer pension contributions
… ✓ How much tax you can save my making company pension contributions
… ✓ How much your business can pay into your pension
… ✓ How to carry forward previous years allowances
… ✓ Tips to reduce your tax bill even further
Want to know more? Drop us a line.