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.
- 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!
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Pension contributions from Ltd Co when no revenue"
Collapse
-
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:
-
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
Tags: None
- 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
Contractor Services
CUK News
- Secondary NI threshold sinking to £5,000: a limited company director’s explainer Dec 24 09:51
- Reeves sets Spring Statement 2025 for March 26th Dec 23 09:18
- Spot the hidden contractor Dec 20 10:43
- Accounting for Contractors Dec 19 15:30
- Chartered Accountants with MarchMutual Dec 19 15:05
- Chartered Accountants with March Mutual Dec 19 15:05
- Chartered Accountants Dec 19 15:05
- Unfairly barred from contracting? Petrofac just paid the price Dec 19 09:43
- An IR35 case law look back: contractor must-knows for 2025-26 Dec 18 09:30
- A contractor’s Autumn Budget financial review Dec 17 10:59
Leave a comment: