A common question I am asked is if it is beneficial for limited company directors to make pension contributions through their limited company, and if so how can they benefit.

As a self employed person you will incur various expenses throughout the tax year. It is important that you know what can and cannot be deducted from your income as an expense and the calculations involved - this could make a significant difference to your tax bill! 

On Wednesday Chancellor Rishi Sunak announced the governments latest tax and spending plans in the annual budget. Here is how you could be impacted as a limited company director;