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Tax relief on SIPP Contributions for Director

SparkyNI1967
Posts: 2 Newbie

I am controlling Director of my Company. If my company makes contributions in to my SIPP (which it books as a business expense) am I still able to personally claim tax relief on these contributions in to my SIPP up to a maximum of £60,000 pa
0
Comments
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No.
You can claim tax relief on personal contributions, but not employer contributions.I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.0 -
Thanks, I did suspect that would be the case (Otherwise too good to be true)
NotsoHappy Sparky0 -
You're already paying 0 income dividend tax on the contribution as well as that lovely corporation tax saving, so it's a fantastic way of bulking up the SIPP.1
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