one man band

wegberg

Hi,
Is it possible for a one-person limited company to set up a company pension scheme?
If yes, can this be done without losing lots of dosh in commission to an IFA or to the provider?
If yes, how.

EdInvestor

You can do this via a Small Self Administered Scheme. although a SIPP might serve your purpose just as well.

makemone

wegberg wrote:

Hi,
Is it possible for a one-person limited company to set up a company pension scheme?
If yes, can this be done without losing lots of dosh in commission to an IFA or to the provider?
If yes, how.

Hi wegberg, I think it is possible, try to search for more info on Google, maybe you are lucky and find what you need right away

dunstonh

It can also be done on a standard pension. You may even find that because of the new contribution limits, your accountant would be better off reducing your dividends and increasing your salary.

I wish it was lots of dosh but it isnt. IFA costs run at about 0.2-0.4% p.a. on your pension if its commission. If you dont like commission, then you can go fee based. You can decide if you need an IFA or not in setting up your SIPP, SSAS, SHP, PPP or EPP, depending on which version you believe would benefit you the most. Not everyone can make those decisions and that is what you are paying for.