Forum Message

Pension Contributions

I'm self employed and need some advice regarding how I accurately record Pensions Contributions and via which account(s)


Posted by Vanessa on Dec 7, 2017 10:41 PM GMT

Hi Vanessa,

When you are self-employed, pension contributions are considered a personal expense not a business expense. If you pay these contributions from a business bank account, record it as a non-business payment as described here:
https://www.solaraccounts.co.uk/help/how-to-record-non-business-payments.php

Regards,


Posted by Mark McLaren (Solar Accounts) on Dec 8, 2017 4:46 AM GMT