My company had an income in 2014/15 and will in 2015/16 as well.
I made a pension payment to my personal pension fund in June 2015 intended to be in respect of work performed in 2014/15. I would like to make another pension payment to myself now, in respect of work performed in 2015/16.
This second payment may mean that the company makes a small loss for 2015/16, although 2014/15 and 2015/16 taken together will show a substantial profit.
I have read that one shouldn't make payments that take the company into loss for a year because HMRC may refuse to offset them against tax. I can't see the logic in this though, since I was just making a remuneration payment that was slightly delayed (my pension payment in June 2015 missed the end of the tax year by just a few of months).
Can anyone say any more about this? Does it sound like in my case going into a small loss would be OK, or is that to be avoided at all costs?
I made a pension payment to my personal pension fund in June 2015 intended to be in respect of work performed in 2014/15. I would like to make another pension payment to myself now, in respect of work performed in 2015/16.
This second payment may mean that the company makes a small loss for 2015/16, although 2014/15 and 2015/16 taken together will show a substantial profit.
I have read that one shouldn't make payments that take the company into loss for a year because HMRC may refuse to offset them against tax. I can't see the logic in this though, since I was just making a remuneration payment that was slightly delayed (my pension payment in June 2015 missed the end of the tax year by just a few of months).
Can anyone say any more about this? Does it sound like in my case going into a small loss would be OK, or is that to be avoided at all costs?
Comment