Originally posted by faxfan
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DIY Pensions for a Limited Company?
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Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
Sorry for a stupid question.
I can't see this answered but I am guessing it has been. My spouse is also employed by the ltd company so do can I set up 2 SIPPs one in my name and one in my wife's and make contributions to both from the company?Comment
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Search using the Google method. Keywords like 'wife contractor pension' will bring back quite a few threads on this topic. I'd say what does your accountant advise as well.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by Rihsabramo View PostSorry for a stupid question.
I can't see this answered but I am guessing it has been. My spouse is also employed by the ltd company so do can I set up 2 SIPPs one in my name and one in my wife's and make contributions to both from the company?
Your wife - It depends
I suggest you do a search as directed as there are discussions on what HMRC allows."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostYou - YES definitely
Your wife - It depends
I suggest you do a search as directed as there are discussions on what HMRC allows.
I just need to meet the Pensions regulator requirements for my wife as she is an employee so was thinking this was the best way of doing that.Comment
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Originally posted by Rihsabramo View PostThanks. I did ask my accountant but was referred to an IFA who hasn't got back to me yet.
I just need to meet the Pensions regulator requirements for my wife as she is an employee so was thinking this was the best way of doing that.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by SueEllen View PostYou - YES definitely
Your wife - It depends
I suggest you do a search as directed as there are discussions on what HMRC allows.
If on top of an £8k salary you want to add in a £40k SIPP contribution, and reality is they do very little to help the company, then the risk is of course higher.Comment
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Originally posted by Maslins View PostYup. Often the issue with a spouse is the "wholly and exclusively for the benefit of the trade" thing. Quite often people pay their spouse £8k from the company as a salary for assisting with bookkeeping/being a director etc. In reality that's low enough that HMRC are very unlikely to challenge it. You can imagine the grief they'd get, as they'd basically be arguing "your spouse isn't worth that much".
If on top of an £8k salary you want to add in a £40k SIPP contribution, and reality is they do very little to help the company, then the risk is of course higher.
My wife is a shareholder and company secretary. Does she need to be enrolled? Or if someone can point me in the right direction as I think I'm looking in the wrong places.
ThanksComment
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I want to set up a pension to invest in low cost tracker funds like the Blackrock 100 UK equity tracker fund D acc. Looking to pay the lowest platform/management fees possible.
What's the cheapest way to get into a fund like this?
Are SIPPs still the way to go if I'm only for low cost index funds?Comment
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Originally posted by Tinfed View PostI want to set up a pension to invest in low cost tracker funds like the Blackrock 100 UK equity tracker fund D acc. Looking to pay the lowest platform/management fees possible.
What's the cheapest way to get into a fund like this?
Are SIPPs still the way to go if I'm only for low cost index funds?
https://www.pensionsadvisoryservice....ensions-basics
https://www.pensionwise.gov.uk/enLast edited by FarmerPalmer; 6 October 2017, 16:13.Comment
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