When it comes to tax savings we accountants will always recommend you take full advantage of all tax breaks available to you and your contractor limited company. One useful area for possible tax savings is claiming pension contributions directly from your company, rather than paying from your personal income.
Many contractor limited companies have just one employee who is a director operating under a contract of office, rather than a contract of employment, therefore will be exempt from the rules of compulsory employer pension contributions that apply to larger companies. However, paying pension contributions through your company can be very beneficial as part of your overall tax planning.
It can help you make the most of tax allowances applicable to both you and the company and help you grow your pension fund value for the future.