Reducing Corporation Tax by Funding a Pension.

J

Jmcelroy

Registered User
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42
I hope I am posting this in the right section.

My husband and I have a Ltd company together.

Is it possible to reduce our annual Corporation Tax by funding a PRSA pension?
 
Yes you can direct your company to make employer contributions into a PRSA or a Master Trust Occupational Pension Scheme. Such contributions area treated as trading expenses of the company and so should reduce your corporation tax liability.
 
LDFerguson said:
Yes you can direct your company to make employer contributions into a PRSA or a Master Trust Occupational Pension Scheme. Such contributions area treated as trading expenses of the company and so should reduce your corporation tax liability.
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Thank you.
 
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