Tax relief on company pension contributions
Discussion
counterofbeans said:
How do you claim higher rate tax relief on company pension contributions?
If you haven't (cough) been claiming higher rate relief, are there a number of years you can go back?
Thanks!
If its a COMPANY contribution, it gets the tax relief!If you haven't (cough) been claiming higher rate relief, are there a number of years you can go back?
Thanks!
Are you sure of your terminology?
David
In you case - what entity is paying into the pension - the limited company or you personally.
It is the entity making the payments that gets the tax relief.
If it is the company, then the company will get tax relief on the amount of Corporation Tax it pays on its profits.
If it is you personally, then you will get personal Income Tax relief - including relief at the higher rates of personal tax (subject to upper contribution limits).
It is the entity making the payments that gets the tax relief.
If it is the company, then the company will get tax relief on the amount of Corporation Tax it pays on its profits.
If it is you personally, then you will get personal Income Tax relief - including relief at the higher rates of personal tax (subject to upper contribution limits).
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