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Which year would my contributions relate to?
fortean
Posts: 10 Forumite
Hi All
I run a business as a sole trader. My financial year ends 30 April. I rang Hargreaves Lansdowne regarding opening a SIPP. They told me that because my business financial year end from 07/08 fell into this personal tax year 08/09 that any pension payments made before 5th April would be taken off the tax bill relating to my business profits 1st May 07 - 30th April 08. Any pension payments made after 5th April would relate to the following business year.
Are they correct?
I hope so!!:j
Thanks
Fortean
I run a business as a sole trader. My financial year ends 30 April. I rang Hargreaves Lansdowne regarding opening a SIPP. They told me that because my business financial year end from 07/08 fell into this personal tax year 08/09 that any pension payments made before 5th April would be taken off the tax bill relating to my business profits 1st May 07 - 30th April 08. Any pension payments made after 5th April would relate to the following business year.
Are they correct?
I hope so!!:jThanks
Fortean
0
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