Is a SIPP a no-brainer?

Dazed_and_confused

My understanding is that this avoids Corporation tax as well as the usual income taxes.

The op was referring to contributions he was going to be paying. How would they save corporation tax?

lisyloo

Dazed_and_confused wrote: »

The op was referring to contributions he was going to be paying. How would they save corporation tax?

Ok I get that he’s talking about personal contributions and not company contributions.

Why not make company contributions and avoid CT as well as income/dividend tax?

https://www.pensionbee.com/pensions-explained/pension-contributions/contributing-to-your-pension-from-your-limited-company

Dox

Why not get some proper financial advice from an IFA who has all the facts about your situation? Could be money very well spent. Nobody here has a full picture, so by definition won't be well placed to respond with accuracy.

Marine_life

Apologies for not being clearer.

I'm not taking any earnings from the limited company as I have enough income from other sources that I don't need it. The limited company does pay a salary and dividends to my wife but nothing to me.

lisyloo

the only downsides I can see are
SIPP charges
Cash is SIPP carries a shortfall risk if you don’t want to invest over a short period

Presumably those are minor in comparison to the benefit of the 25% tax free?