How does pension tax relief work for sole traders?

In a nutshell: pension tax relief for sole traders. Learn more: https://www.nutsaboutmoney.com/pensio...

Pension tax relief for sole traders is pretty simple, any money you save into your self-employed pension will get a 25% bonus from the government, automatically added to your pension pot (to refund 20% tax paid on your earnings).

And if you pay 40% or 45% tax, you can claim this back via your Self Assessment tax return at the end of the tax year.

If you pay into your pension from a limited company, you can also reduce your Corporation Tax bill (so save up to 25% more).

Find out how much you'll need in retirement – self-employed pension calculator https://www.nutsaboutmoney.com/pensio...

Learn more about self-employed pensions
https://www.nutsaboutmoney.com/pensio...