I’ve set up a new limited company which will make a significant profit this year. I already pay myself a salary from another company I own so I don’t need to take a salary from the new one but would like to minimise taxation on the profits.
Trying to establish whether the new PRSA salary-linked rules prohibits the new company from making any pension contributions on my behalf. Is the new rule linked to a specific salary source or does it refer to salary overall?
Trying to establish whether the new PRSA salary-linked rules prohibits the new company from making any pension contributions on my behalf. Is the new rule linked to a specific salary source or does it refer to salary overall?