Personal Pension payments in QuickBooks Self Employed
I'm new to QuickBooks Self Employed and using it as a sole trader. Can anyone advise how I should record the payment from my business bank account to my personal pension plan. The pension provider will claim the basic rate tax relief on my payment and add it to the pension contribution. Therefore, I believe I don't claim for it in my self-assessment tax return. How should I record this payment so QBSE does not treat it as a taxable expense.