PeterSellers
Registered User
- Messages
- 25
Hi,
I work as a consultant through my own limited company and I am planning to start a pension. A pension adviser recommended that an executive pension would be the best option as the company can contribute and avoid corporation tax on the amount.
Are these contributions treated as a standard business expense?
If yes, how would the expense figure get categorized on the CT1 return in the extracts from accounts section? Would it fall under other expenses?
Thanks in advance.
I work as a consultant through my own limited company and I am planning to start a pension. A pension adviser recommended that an executive pension would be the best option as the company can contribute and avoid corporation tax on the amount.
Are these contributions treated as a standard business expense?
If yes, how would the expense figure get categorized on the CT1 return in the extracts from accounts section? Would it fall under other expenses?
Thanks in advance.