Business' tax year planning – a reminder on carry forward

'The carry forward rules can be difficult to navigate'

clock • 4 min read

Caitlin Southall shares her technical knowledge on carry forward as the end of the tax year edges ever closer...

As we near the end of another tax year, providers and trustees typically tend to see a spike in pension contributions. This is to be expected, as clients look to maximise their tax relief and businesses look to reduce corporation tax outlay. For some, the spike may be due to annual bonus season, and sacrificing bonus money awarded into a pension to benefit from tax relief. The current annual allowance for money purchase schemes is £60,000, which is the limit on the amount that can be contributed while benefitting from tax relief. However, clients can use unused contribution allowances...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

CGT: A stealth tax representing advice opportunity

CGT: A stealth tax representing advice opportunity

'The sharpest sense of grievance may be among business owners'

Andrew Aldridge
clock 12 August 2026 • 8 min read
The forgotten side of IHT planning: Giving clients permission to enjoy their wealth

The forgotten side of IHT planning: Giving clients permission to enjoy their wealth

'I believe IHT planning is becoming as much about psychology as legislation'

Lee Quinn
clock 11 August 2026 • 4 min read
IHT liabilities hit record £7.03bn in 2023-24 tax year

IHT liabilities hit record £7.03bn in 2023-24 tax year

Figures ‘set to accelerate’

Sophia Panayi
clock 30 July 2026 • 2 min read