company profits into directors pension
in Pensions, annuities & retirement planning
2 replies 205 views
End of company tax year August. If I wanted to put the entire profits into a directors pension when do you have to decide. By end of company tax year or when accountant has calculated profits ?. Aim to pay no corporation tax if possible.
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Also bear in mind your annual allowance capacity and tapering. An excessively large contribution could exceed your annual allowance, or result in the annual allowance being tapered down from £60,000 (now increased from £40,000 in yesterday's budget from 23/24 tax year onwards).