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Pension query
System
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This discussion was created from comments split from: Tax allowance on pension contributions confusion.
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.i am closing my business this financial year. Although there is no income there is money in the company, can it make a payment into my SIPP for this year and if so, the maximum £40,000 or a lesser mount and if not, can I make a personal contribution? Again a full or a lesser amount?
Thank you0 -
Has the company made payments to your SIPP in previous years? Would a £40K payment stack up in terms of what the company has paid before? Does it have the reserves to make that sort of payment?
Personal payments - do you have any earned income in this financial year (dividends don't count)?
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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