Pay employer contributions before Corporation Tax Relief drops further:
· Corporation Tax rates are set to fall to 20% in 2015. Companies may want to consider bringing forward pension funding plans to benefit from tax relief at the higher rate. Payments should be made before the end of the current business year whilst rates are at their highest.
· For the current financial year, the main rate is 21%. This drops to 20% for the financial year starting 1st April 2015.