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Pension Virgin
CharleyA
Posts: 1 Newbie
I have started a Ltd company can I have my company pay my pension as an employee of that company, can anyone help?
0
Comments
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Yes you can and its a good way to do it as well as you save on NI contributions.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Yes you can and its a good way to do it as well as you save on NI contributions.
But the company pension contribution must be less than your salary excluding dividends, and the amount allowable against corporation tax is a grey area.
eg you cannot take a £6,000 salary and a £60,000 pension contribution.
But a £40,000 salary and a £26,000 pension contribution may be deemed acceptable.
Come on HMRC, give us some definitive guidance!0
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