Business Owners - Stop Paying More Tax Than You Have To
Here's something most business owners don't realise: if you're a limited company director, your company can pay directly into your pension as a business expense — reducing your Corporation Tax bill in the process. That means every £10,000 contributed could save £2,500 in tax immediately, before a single penny of investment growth. Compare that to taking the same money as salary or dividends, where it gets eroded by income tax and National Insurance along the way, and the pension starts to look less like a sacrifice and more like a no-brainer.
Beyond the tax savings, there's a more personal reason to get started: your business shouldn't be your only retirement plan. It might be worth a great deal one day — or circumstances might make it difficult to sell. A pension sits completely outside the business, protected from its ups and downs, quietly compounding year after year. Think of it as paying your future self first. The earlier you start, the less effort it takes to end up somewhere really comfortable — and with an annual allowance of up to £60,000, there's plenty of room to make meaningful progress without disrupting your day-to-day cashflow.
If you have any questions at all on how pensions can benefit you, or if you don't know where to get started, please don't hesitate to reach out.
For More information, please find us at www.skerrittfp.co.uk
I’m a Sussex based Chartered Financial Planner who likes to keep things simple, relaxed, and genuinely helpful. No stiff suits, no confusing jargon, just relaxed conversations about what you want…
The doubt behind every staging recommendation
Here’s a doubt some agents still have before recommending staging: “Will this actually make a difference, or is it just…
Videography, Video Production, Personal branding
Why Personal Branding Is Easier With Video
For many business owners, your reputation is one of your biggest assets.
People may come across your business through a…
More Articles
Money, Finance, Vehicle, Electric car
🔋 Go Electric with Finance Tailored to You
Thinking about making the switch to electric? ⚡🚗
Whether you're looking for an EV for personal use or adding electric…
Mindfulness, Mental health, Parent support
The most valuable thing I've learned about family...
The most valuable thing I've learned about family holidays wasn't about travel. It was about permission.I've just…
Loan, Finance, Business, Creditor, Business loan
💼 Unlock Your Business Potential with Flexible Business...
Whether you're investing in new equipment, expanding your operations, managing working capital, or funding your next…