[Feature Request πŸ”§] SIPP - Employer contributions πŸ‘΄πŸ» πŸ’·

I recommend you speak to your accountant. It isn’t as simple as it seems from screenshot above. The HMRC has certain tests it applies to Company director pension contributions. One example is the level of the pension with respect to total remuneration for the job and another one being the level of the companies annual profits.

You might think that you get away with it only to be hit by an investigation later. This is not worth it. Speak to an accountant to make sure everything is above board i.e. the right amount is paid.

(and btw corporation tax is 19%, the main rate goes up in fin year 2023-2024, but the small profits rate remains at 19% i.e. tax is tapered from a threshold and 25% is profits above 250K.)