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Posted Wed, 20 Nov 2024 10:53:54 GMT by Andy
Hi, I have a private pension that was originally a workplace pension set up by my old employer. I've since gone solo and become a director of my own limited company. I now operate this pension as a private pension. Payments into the pension are not done through a workplace pension scheme (I am the only employee/director) or through PAYE, only making lump sum contributions each month via a direct debit from my business bank account. Do I need to fill in these contributions in my self assessment, in the "Contribute to personal pension or retirement annuity" section? Or will these payments be covered in my business expenses in my business tax return, because they came directly from the business account, rather than my personal account?
Posted Tue, 26 Nov 2024 12:06:28 GMT by HMRC Admin 17 Response

Hi ,
 
These would be personal and on your own return as they are not a business expense .

Thank you .

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