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How Pension Contributions Work for the Self-Employed – Step by Step

Are you a self-employed sole trader wondering how pension contributions affect your tax bill?

You’re not alone! Many sole traders assume that contributing to a private pension will reduce their taxable profits, but the reality is quite different. In this video, I break it down step by step so you can avoid costly mistakes and maximise your tax savings.

🔹 What You’ll Learn in This Video:

✅ How pension contributions work for self-employed individuals

✅ Why your pension contributions don’t reduce your taxable profits

✅ How tax relief is applied to pension contributions

✅ How your basic rate tax band increases to save you tax

✅ A full worked example to show you exactly how this affects your tax bill



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