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  • FIRST POST
    • tgirl
    • By tgirl 20th Mar 17, 4:22 PM
    • 45Posts
    • 15Thanks
    tgirl
    Pensions for self employed
    • #1
    • 20th Mar 17, 4:22 PM
    Pensions for self employed 20th Mar 17 at 4:22 PM
    Hello

    I have about a year of pension in a pot from a previous employment . The provider was called Friends Life. I'm now self employed and wondering what to do. Shall I continue paying in to this pension as an employee contributor? Shall I leave it and start a new one? Who with? I contacted Friends life and they said I can lay in by direct debit? But what about my employers contribution? Should I pay this from my limited company?

    Sorry for questions.

    Tgirl
Page 1
    • greenglide
    • By greenglide 20th Mar 17, 5:57 PM
    • 2,633 Posts
    • 1,658 Thanks
    greenglide
    • #2
    • 20th Mar 17, 5:57 PM
    • #2
    • 20th Mar 17, 5:57 PM
    I'm now self employed
    Should I pay this from my limited company?
    So you are not self employed, you are an employee of (your?) limited company.

    This makes a difference as the company can pay employer contributions directly into a pension scheme of yours avoiding income tax, employee and employer NI and dividend tax while paying less corporation tax.

    This is normally a "no brainer".

    I assuming you are paying yourself between 112 and 155 a week so you get qualifying weeks for you state pension without actually paying any NI for them?
    • atush
    • By atush 20th Mar 17, 6:25 PM
    • 15,821 Posts
    • 9,592 Thanks
    atush
    • #3
    • 20th Mar 17, 6:25 PM
    • #3
    • 20th Mar 17, 6:25 PM
    Open a pension (personal or sipp) and have the limited company pay your pension contributions It is a deductible business expense.
    • tgirl
    • By tgirl 20th Mar 17, 7:37 PM
    • 45 Posts
    • 15 Thanks
    tgirl
    • #4
    • 20th Mar 17, 7:37 PM
    • #4
    • 20th Mar 17, 7:37 PM
    Thanks all
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