If you’re making a personal contribution and you’re eligible for tax relief, you’ll also receive a 25% tax top-up. For every £100 you put into your PensionBee pension, the government will add another £25. We’ll automatically claim your 25% tax top up and add it to your balance.
If you’re making an employer contribution and you are a company director, your contribution can be classed as a business expense instead of salary. As a result, you’ll save on corporation tax and also National Insurance and income tax. There are no additional tax top-ups from HMRC for employer contributions. Check with your accountant if you’re unsure about whether to contribute from your company or your personal bank account.