Pension Contributions -

pension contributions is a deductible expense as long as the contributions are relative compared to the amount of salary earned. HMRC don’t give clear guidelines as to what it means with relative, so if you do have concerns about this, then you can always increase the amount of Gross salary you pay yourself to bring it more in line with the amount of pension contributions you would like to make. You should carefully consider your options as your tax will be higher on an increased salary as you pay PAYE tax, Employer National Insurance and Employee National Insurance on your salary amount.

Our locationsWhere to find us?
London: Kemp House, 160 City Road, EC1V 2NX
Cambridge: 17 Parsonage Close, CB22 4SJ
Manchester
Get in touchSmart Social links
Taking seamless key performance indicators offline to maximise the long tail.
https://smartacconline.b-cdn.net/wp-content/uploads/2020/03/Untitled-2.jpg

Copyright by Smart Accounting and Finance Services. All rights reserved. We use cookies on this website, you can find more information about cookies here.