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This guidance note considers the role pensions can play in tax planning for sole traders, partnerships and owner-managed companies. It addresses pension contributions from the perspective of the individual and from that of the business. In an owner-managed business context, personal, family and business issues have a part to play and interaction with levels of other income, child benefit claims, transitional profits arising from basis period reform and close company national insurance are relevant. The types of pension scheme best suited to OMBs are considered.

See also the Pension contributions by owner managed companies guidance note.