2nd income LTD 100% pension

andydis

Hi everyone 
Can anyone answer this for me
As I've been offered a 2nd income role ( contacting weekend work ) and it would depend on the following question if I was to accept it

Job 1  salary 50k paye 
Employer pension contribution 10%
Job 2 
Director of LTD company,  no salary 
Employer pension contribution 2k a month (or whatever i can max minus expenses)

Ir 35 isn't a problem (so please don't turn this into yet another ir45 thread ) 
Or say speak to a accountant, yes or no answers please.

Grumpy_chap

andydis said:

Ir 35 isn't a problem (so please don't turn this into yet another ir45 thread ) 
Or say speak to a accountant, yes or no answers please.

Good morning Andy, I am sure it was not your intention, but that final paragraph reads quite rude and aggressive.  Not the best way to solicit helpful advice from a public forum.  People are quite free to comment on any aspect around the question asked if they feel it may be of help to you.

I cannot answer the question about pensions (though I see no reason why not, personally but uninformed on the subject matter).  Hopefully someone will be along shortly that can comment with more authority on that aspect.

I am going to mention something outside the narrow remit of your question.  Depending on any other investments, you may be able to take advantage of the Dividend Allowance, which allows you to draw £2k per year as dividend tax free.

Your thread raises many questions about the practicality of the arrangements, long term direction, etc.  I'll assume you've covered all of those.  Finally, and in direct contradiction of your final sentence, if this is to be a Ltd Co. turning over £2k/month, £24k/year as a regular and on-going business, then I would engage the services of an Accountant, even as it simply takes stress away.

Good luck:)

Dazed_and_C0nfused

I'm not actually sure what the question even is.

But picking up on the dividends point, although there woud be no tax to pay on the £2,000 dividends if you are part of a family receiving Child Benefit you could have to pay 20% of the Child Benefit back as dividends form part of your adjusted net income.  Which is what determines if there is any HICBC to pay or not.

andydis

Sorry didn't mean to be offensive or aggressive 
The question is 

Is it ok for a director to take 100% income via EMPLOYER pension contributions and recieve no salary ( when the director has a paye job also elsewhere ).
Appreciate the dividends comments,  it may be made up of dividends but the amounts would depend on turnover ( no idea yet ).
Furthermore,  
Its my understanding dividends are only to be paid after corporate tax ?
 Where as pension contributions are before corporate tax?

Jeremy535897

See https://forums.moneysavingexpert.com/discussion/5209832/100-salary-sacrifice