Whether you are self-employed, a company director or an employee, pension contributions can be an extremely effective way of reducing your income tax or corporation tax liabilities.
Not only that, but it obviously makes provision for your financial security in later life and can be a very important part of an Inheritance Tax mitigation strategy.
Making contributions before 5th of April, may accelerate the timing of tax reliefs and consequently now tends to be the busiest time of year for Financial Advisors.
It makes sense for your accountant and Financial Advisor to work hand in hand to ensure you receive the best advice and maximise tax benefits, so if this is an area you wish to explore further, please do get in touch as soon as possible.
