Good question. It’s because we used to have two types of State Pension: the Basic State Pension and the Secondary State Pension (formerly SERPS). You probably didn’t receive a Secondary State Pension because, until April 2016 self-employed NI contributions didn’t...
Firstly, you should consult a Financial Advisor when deciding to set up a pension scheme. Currently, if the Company pays for the contributions, you and your spouse will effectively share the tax relief. However, if you make the contributions from your own income...
