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Company pension contributions

Many companies have year-ends of March 31 or April 5. It has been established that company contributions are one of the most effective ways of extracting capital from the company for the benefit of directors.

Any company contribution will normally be allowable as a business expense in the company accounting period when it is paid. Where the director is a member of an occupational scheme and his benefits are below the Inland Revenue maximum approvable level, there will often be scope for significant special contributions based on the director&#39s past service with the company. Special contributions of up to £500,000 can be paid and be tax relieved in the company accounting period in which they are paid.

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