Reducing Corporation Tax by Funding a Pension.

[Jmcelroy]

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?

 

[LDFerguson]

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.

 

[Jmcelroy]

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.

Thank you.