I currently receive a monthly UK pension and also run my own small limited company (me!) My pension (circa 13k PA) eats up all my tax relief so I pay NI & tax as per normal on my contractor salary. Both my pension & annual salary (minus dividends) are around the same amount; which would be the better option? Declare salary first or keep it as it is with my pension first?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
UK pension vs Salary - which should come first?
Collapse
X
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers

Thank you for that information
Comment