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Raising 60k on mortgage to start a SIPP

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  • Marcon
    Marcon Posts: 15,154 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Hi,

    I have not made any pension contributions at all. 

    I have inherited 4 properties from my parents who have passed, and I declare an income of £12500 from the Ltd Co. 

    My husband currently works in Norway and pays Norwegian tax and we use his wage as income proof for the mortgage. 

    Regards 
    Looking at this post (confusingly you and your husband seem to be posting interchangeably) https://forums.moneysavingexpert.com/discussion/6613671/military-pension-and-norwegian-pension-query#latest it's not clear whether you personally are actually doing any work for what you refer to as 'the' Ltd Co.

    You certainly can't start shovelling huge company contributions into a SIPP without HMRC raising their eyebrows - the amounts a company can contribute on your behalf have to be 'commensurate' with the position you hold. 

    Forget posting here; get professional advice before you confuse yourself (and us!) to the point of no return. 
    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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