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HM Accountax Ltd
HM Accountax Ltd, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 442
Experience:  I am an accountancy professional with more than10 years hand on experience in audit, accountancy and tax affairs.
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I have a question around any issues he may face getting

Customer Question

I have a question around any issues he may face getting state benefits ie pension in the future if his in a loss making positionWill it go against him?Currently he will be loss making as it’s been a bad year but what does he need to ensure to make sure he doesn’t get penalised by not being able to claim his pensions etc in future when he does retireI read something but was a little confused what it means.I tried sending earlier but not sure if the question came through
Submitted: 17 days ago.
Category: Tax
Expert:  HM Accountax Ltd replied 17 days ago.

HI,

I am an advisor at JA and happy to assist you.

No, loss making doesn't mean he won't qualify for state pension.

Regards

HMAT