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I have a Ltd Company Client whose year end is June 15. I have not finalized the accounts yet as he has only just got them finished. My question is can he make a payment to his pension now so as to reduce corporation tax or should he have made a physical payment before the end of June 15?


  • CeeJaySixCeeJaySix Well-Known Registered Posts: 645
    Usually pension contributions are only deductible for tax once paid (ie. no you can't accrue at the year-end and deduct for CT in that period).
  • CeeJaySixCeeJaySix Well-Known Registered Posts: 645
    Sorry yes, having re-read my wording is unclear, of course you can accrue in the accounts, but it won't be deductible for tax until the period in which it's paid.

    I'm not sure I'd consider extending the period just for the sake of obtaining immediate relief unless it's a pretty chunky contribution, but I like lateral thinking!
  • slockyslocky Registered Posts: 6
    Thank you for confirming my thoughts.
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