Healthcare & Pension.

[lje]

While we are on the question of benefits.

What sort of offset could you do with Healthcare insurance with Clientco. Is there a benefit here?

In addition, whats the deal with your own pension. The company I worked for would put 15% into a pension pot for me in addition to my 10% contributions. It was an incredible deal. Never really thought of using my own Ltd to do this.

Anyone do this in any great detail?

If your company provides you with Healthcare then you need to pay benefit in kind taxes. Not sure what you are saying wrt Clientco.

You can put as much of your profit as you like into pension. It then reduces your profit (as it is a cost of doing business) and hence reduces the corporation tax you have to pay. There has been some discussion about whether the amount which you pay in pension should be capped at the amount of your salary but my understanding is that it is not necessary as you are not paying it in personally - your company is paying it for you.

[pmeswani]

While we are on the question of benefits.

What sort of offset could you do with Healthcare insurance with Clientco. Is there a benefit here?

In addition, whats the deal with your own pension. The company I worked for would put 15% into a pension pot for me in addition to my 10% contributions. It was an incredible deal. Never really thought of using my own Ltd to do this.

Anyone do this in any great detail?

Don't know if insurance attracts BIK... but I believe contributing to a pension is the most tax efficient way of contributing.

[MarillionFan]

While we are on the question of benefits.

What sort of offset could you do with Healthcare insurance with Clientco. Is there a benefit here?

In addition, whats the deal with your own pension. The company I worked for would put 15% into a pension pot for me in addition to my 10% contributions. It was an incredible deal. Never really thought of using my own Ltd to do this.

Anyone do this in any great detail?