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A guide to pensions for the self-employed

As well as being a flexible way to save, paying into a pension scheme can actually help you save tax, too! Watch our video to learn more about preparing for your future, and what pension options are available for the self-employed.

Reclaiming Self Assessment tax for your pension pot

If you’re a basic rate taxpayer, your pension provider can claim back 20% and add it to your pension pot. This means every £80 you contribute will be grossed up to a £100 contribution. Higher rate taxpayers can claim back the additional 20% through Self Assessment.

Pensions if you own a limited company

If you set up your occupational pension through your own limited company, then the contributions the company pays as your employer reduce the amount of Corporation Tax it pays.

Whether you’re employed or an employer, a freelancer or contractor, plan for retirement with tax efficient pension savings. It’s never too late to start saving for your retirement. Here at The Accountancy Partnership, we can help you understand what pension options are available, and how to get started.

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VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

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