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Ltd company pension for directors
thegentleway
Posts: 1,100 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
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Comments
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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
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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
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