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£3600 p.a.
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kidmugsy
Posts: 12,709 Forumite
If I have earnings below £3600 p.a., and am under 75, I can usefully contribute only £3600 p.a. to a pension.
Does this limit apply to a contribution from a firm on my behalf, if either (i) it is my employer, or (ii) I am a Director of it?
Does this limit apply to a contribution from a firm on my behalf, if either (i) it is my employer, or (ii) I am a Director of it?
Free the dunston one next time too.
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An employer certainly can and it won't count towards the tax relief limit.
Not sure if there are special rules if you're a director but can't see why, after all the employer could pay you as salary and you could put that salary in and be no worse off tax wise. In fact you'd be better off getting paid salary and putting the salary in if you're not using the PA with other income.
You might need to show you're doing work to the value you're getting paid (inc pension conts)0
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