Hi All,
A couple of questions about the new pension rules
I am currently paying myself a salary of £8,000 a year and have taken dividends for the year up to the 40% tax band. As I understand it, the current pension rules allow me to make a personal contribution equivalent to 100% of my salary and for the company to put in money up to a total of about £215,000. The company contributions can be offset against corporation tax.
By the end of the year I will have about £25,000 in the company and was considering putting this in as the company contribution. I have read that the Revenue can dispute disproportial large amounts but I'm not exactly sure of the rules. Is anyone else considering a putting in large sum this year?
Thanks - Richard
A couple of questions about the new pension rules
I am currently paying myself a salary of £8,000 a year and have taken dividends for the year up to the 40% tax band. As I understand it, the current pension rules allow me to make a personal contribution equivalent to 100% of my salary and for the company to put in money up to a total of about £215,000. The company contributions can be offset against corporation tax.
By the end of the year I will have about £25,000 in the company and was considering putting this in as the company contribution. I have read that the Revenue can dispute disproportial large amounts but I'm not exactly sure of the rules. Is anyone else considering a putting in large sum this year?
Thanks - Richard
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