Best pension option for cash in a Limited Company?

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Comments

  • ddh76
    ddh76 Posts: 15 Forumite
    Part of the Furniture First Post Combo Breaker
    thanks all.  To put you all out of your misery here and guesswork 😂 My provider that doesn’t take employer contributions is Moneybox.  

    So I’ve looked at pensionbee as they have a Ltd company director pension option which will accept employer contributions.  

    Sounds like I set that up and then deposit some funds in to their as employer contributions.  It’s only about £10k so not going to hit the 60k mark as only paid in about £20k this year to Moneybox pension.  

    What type of pension is pensionbee that takes the employer contributions from a Ltd company like this? Am getting confused with all the names/types!


  • Marcon
    Marcon Posts: 13,757 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Combo Breaker
    edited 18 March 2024 at 1:07AM
    If you want to open a SIPP which takes employer contributions, then try (say) https://www.ajbell.co.uk/sipp?gad_source=1&gclid=EAIaIQobChMIy7i2mrL8hAMVEJNQBh0uwwktEAAYASAAEgJHQ_D_BwE&gclsrc=aw.ds

    or https://www.hl.co.uk/pensions/contributions/employer/forms

    ddh76 said:


    What type of pension is pensionbee that takes the employer contributions from a Ltd company like this? Am getting confused with all the names/types!


    PensionBee is a personal pension. Generally, when people refer to “SIPPs“ they’re often talking about pension schemes that allow you to choose your own specific investments, including individual stocks and shares. PensionBee allows you to select your own investment plan from a range of investments managed for you by one of our money managers (BlackRock, HSBC, or Legal & General, for example). Personal pensions are suitable for people who prefer a hands-off approach to pension saving. Source: https://www.pensionbee.com/faq

    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
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