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Dear Sir/Madam, how do I record my partner’s pension savings? This cost is not tax deductible, but it does provide a tax benefit in our joint return at the end of the year. Thank you in advance for your answer.
Dear Sir/Madam, how do I record my partner’s pension savings? This cost is not tax deductible, but it does provide a tax benefit in our joint return at the end of the year. Thank you in advance for your answer.
Because your partner's pension savings are a private expense and not a business expense for the sole proprietor, they are not treated as a professional expense in the accounts.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.