Search
  • Sterling & Beanland

More Tax Savings for Company Directors

Guest Post by our partners at Clear Financial


As a Company Director there are a great number of ways to save tax and one of the very best is through the use of pensions. It is entirely possible for a limited company to contribute directly into pensions for both directors and employees; this avoids employer’s 13.8% National Insurance, 20% Corporation Tax and of course all the income or dividend tax that would normally be paid on getting your money out of the company. Once within a pension all investment growth that you receive will be tax free allowing funds to grow far more than they would outside a pension in similar investments. After age 55 you will be able to take the money accrued out as you require with 25% of it being entirely tax free and the rest being taxed at your marginal rate of tax.


The advantages of pensions are clear for those planning their retirement but what happens to the money if you pass away before you get there? If you pass away before age 75 your money in pensions will be passed on to the beneficiary that you have left it to completely free of tax. If you pass away after age 75 then it can be inherited as a pension and used by a future generation. Therefore, whatever happens, your pension will be available to help you or your family.



Pensions tax rules are complex, so it makes sense to talk to your accountant and financial adviser about all your options in building your future wealth. Get in touch to find out more.


Clear Financial Advice is authorised by the FCA registration number 462810.

16 views
PCH-Logo-colour-PNG-1080x502.jpg

Fleet House, 8-12 New Bridge Street

London EC4V 6AL

+44(0)20 7822 1871

sales@sterling-beanland.co.uk

  • White LinkedIn Icon
  • White Facebook Icon
  • White Twitter Icon
Request a quote
Please fill in your details below and we will get back to you within 1 hour (during working hours):

Copyright © Sterling & Beanland Limited 2019 All Rights Reserved


Registered in England and Wales No. 10913213


Registered Office: Fleet House, 8-12 New Bridge Street, London EC4V 6AL

By using this site you agree to our use of cookies on your device. Please read our privacy statement for details.