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

Chancellor 'rips off the band aid' in pre-Budget speech

Chancellor 'rips off the band aid' in pre-Budget speech

Tax hikes predicted as chancellor prepares for ‘tough but necessary’ fiscal choices

Isabel Baxter
clock 04 November 2025 • 6 min read
Three in four advisers report rise in business relief solutions use

Three in four advisers report rise in business relief solutions use

Ahead of inheritance tax changes

Jen Frost
clock 04 November 2025 • 2 min read
Reeves refuses to rule out Autumn Budget tax rises

Reeves refuses to rule out Autumn Budget tax rises

Says upcoming budget will focus on ‘growth with fairness’

Sahar Nazir
clock 04 November 2025 • 3 min read