Pensions contributions due by ?
On a reasonably regular basis I am asked by clients to establish the amount of pension contribution they can make in order to maximise the tax benefit, which I have no problem in calculating.The next question is invariably,"When do I need to make that payment into my pension by?"
My answer is that technically the amount can be paid to the scheme administrator by 5th April 2001 if you wish it to be treated as having been made in the year 1999/2000, although if you wish the payment due on / by 31st January 2001 to be reduced you obviously need to make the payment before that date.
Am I correct? Or am I badly sadly wrong? I just cant seem to find this written down anywhere.
Any help would be very gratefully received.
- SA online - 4 hour limit 1,327 14
- IR35 deemed payment and dividends - practical considerations 173 3
- VAT on Hire Purchase 194 2
- "Audit Report" 94 1
- Annual tax investigation cover fee? 490 13
- Coding Notice 235 6
- UK company paying dividend to foreign shareholder 256 6
- New business - journal entries 420 22
- Is CGT roll over relief available for let property 229 3
- Payroll software 656 16
- Statutory accounts, current company address, or one that was correct at EOY? 285 5
- Are there Special Rules for Agencies? 403 10
- 100% Annual investment allowance on luxury cars 740 18
- B2B vat in the EU 197 4
- Samadian effect on self employed student support workers 206 4
- Changes to class 2 NIC's 240 3
- Client RTI Shows payments not his 205 4
- LLP as member of LLP 146 1
- Why should I retain membership? 2,855 48
- Alerting clients versus walking away from clients 526 7
- Auto enrolment excuses 882
- Feedback on accounts production software for IFRS 724
- Add T&Cs to Sales Order in Sage 417
- Social investment tax relief 223
- Digita Hosted Software 217
- Call Centre Data Costs 205
- accounting for this transaction 204
- Problems with Sage 50 Payroll v21(2015) 179
- Travel costs and contractors 177
- Buying goods in US and selling them to company in US 176