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Ramifications to Company

Catglee · 2021-02-10 22:22:35

Was talking to my friend tonight and she is going into a review meet next week. She won a big account mid year and is in a very strong position to request better terms. She is a director of the company with some equity. She is contemplating asking the company to make a fairly sizable additional contribution of 20k per…

10-02-2021 11:22pm

#1

Catglee

Registered Users Posts: 43 ✭

Join Date: October 2019

Posts: 16

Was talking to my friend tonight and she is going into a review meet next week.
She won a big account mid year and is in a very strong position to request better terms.
She is a director of the company with some equity.
She is contemplating asking the company to make a fairly sizable additional contribution of 20k per annum to her pension for the next 5 years, be it as a once off annual contribution or broken down to an additional monthly contribution to what they already contribute monthly.
She is on an executive pension plan.

Before asking for same she would want to know the ramifications to the company. She mentioned she read somewhere that the company can claim contributions to executive pension plans back on corporation tax. Are there any other costs to the company apart from the contributions. Are there any ramifications with respect to her tax situation etc.
Thanks, I mentioned the great community here to her tonight while talking and she asked me to put up her situation to see if she could get some pointers.

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