Are you looking to try to reduce your corporation tax costs? A key area to think about is making pension contributions through the company as a director, as these contributions can offset with the company’s taxable profits and reduce the corporation tax costs.
A contribution of up to £60,000 can be made per year for directors which will be deducted from the taxable profits, with a tax saving between 19% to 25% depending on your company’s annual profits. This can result in a tax saving of up to £15,000 (based on a 25% tax rate) per director! A nice boost if you’re aiming on cutting tax costs!

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