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Previously on "Pension contributions from Ltd Co when no revenue"

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  • Crossroads
    replied
    I believe pension contributions are only tax deductable in the CT period they are made, so my (quite possibly incorrect) understanding is that you would be able to make a contribution but it could not be offset against tax.

    Therefore it's a way of getting the money out the company but you'll see no tax benefit.

    Leave a comment:


  • northernladuk
    replied
    Simple question but could be a complex answer depending on circumstances. You mention not finding a job. You should be able to find a perm job if you have to and in that case paying a salary status may need to change etc.

    You are best speaking to a professional if you are consider losses and the like. Get it wrong and it's going to cost you a lot of money and heartache. Best speak to your accountant first.

    Leave a comment:


  • GoForIT
    started a topic Pension contributions from Ltd Co when no revenue

    Pension contributions from Ltd Co when no revenue

    If my ltd co achieves no meaningful revenue for 2 years is it acceptable to continue to pay salary and max pension contributions during this time and generate a loss?

    Can this loss then be recovered from past years corp tax payments?

    Am considering what happens when my current contract ends and maybe I don;t find a job for 2 years and in that eventuality need to live + then may close company if unsuccessful

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