We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Ltd company pension for directors
thegentleway
Posts: 1,101 Forumite
Hi, I’m wondering how do you pay company profits into directors’ pensions? Do you just open a SIPP for each director and the company pays into it or is it more complicated?
No one has ever become poor by giving
0
Comments
-
Depends who the 'you' is here - directors can set up their own SIPPs and the company can pay into them, which is likely to suit a one- or two-person company, but if it's a larger one with many directors (and potentially employees too) then it may wish to set up a dedicated plan with a pension company.
https://www.unbiased.co.uk/life/small-business/contributing-to-your-pension-via-a-limited-company-explained
1 -
Thank you. The ‘you’ is just two directors so that’s great.eskbanker said:Depends who the 'you' is here - directors can set up their own SIPPs and the company can pay into them, which is likely to suit a one- or two-person company, but if it's a larger one with many directors (and potentially employees too) then it may wish to set up a dedicated plan with a pension company.
https://www.unbiased.co.uk/life/small-business/contributing-to-your-pension-via-a-limited-company-explainedNo one has ever become poor by giving0 -
Most retail pensions can accept employer contributions. So, it's not complicated. Just open an individual pension each and make employer 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.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards