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Pension planning represents a means to reduce both personal and company taxation. By utilising tax breaks today the net result can be financial security in the future for you and also for any staff that you employ, and the pension experts at our financial advisers are on hand to help.

Personal Contributions - Contractors can personally invest (i.e. direct from your private bank account) up to 100% of salary into a pension and still benefit from income tax relief at your highest marginal rate.

Company Contributions - Business Owners may choose to draw a tax efficiently low salary which will limit the scope for personal investment but this need not limit your ability to reduce company and personal tax bills by making a pension contribution if we get the company to fund the scheme on your behalf. 'Employer' contributions can be as much as £60k per annum, representing a very tax efficient method of transferring money from your company into personal hands. In good trading years a hefty corporation tax bill could potentially be reduced to nothing.

To discuss pension planning further with our financial adviser please email: info@123contracting.co.uk

The value of investments may fall as well as rise and past performance is not a guide to future returns.