As written elsewhere, I can appreciate the differencen between the tax codes in ... | Hacker News

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		madsbuch on July 18, 2023 \| parent \| context \| favorite \| on: How to be a consultant, a freelancer, or an indepe... As written elsewhere, I can appreciate the differencen between the tax codes in different countries. When I contribute to my tax-exempt pension in Denmark, I can deduct that in whatever income I have, whether that is from an employment or profits of my own company. > forgive me if I am wrong. I think I need to defer to this one. I am completely ignorant on these things.

Nursie on July 18, 2023 [–]

As a contractor in the UK you can do that too, contribute pre-tax earnings up to a certain amount per year into your pension. Definitely a good plan.

But yes, the difference seems to be that if you’re caught out it’s way worse than just paying back the difference, and the whole thing is very murky.

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