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Posted Tue, 19 Mar 2024 15:30:26 GMT by notax4mepls
Hello, As self-employed and contributing to a personal pension plan, can I deduct the fee charged by an IFA advising me on the pension against my self-employment income? If not, I would be grateful for the relevant legislation/information for my own records. Thank you.
Posted Fri, 22 Mar 2024 15:56:06 GMT by HMRC Admin 32
Hi,

No. the pension is not a business expense and it is not essential to you carrying out your business.

Expenses if you're self-employed

Thank you.

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