New to SIPP, some questions

[Lance]

Thanks for that.
It is clear my wife earns small part of the fees for the company (I'd say 5-7%) through her doing the admin and book keeping. So is there any (broad) guide from HMRC on how much an employee like this can have as pension contribution to a SIPP.

Can anyone suggest any SIPP provider (besides vanguard)? What do I need to look for? Fees?
If I open a SIPP now I suppose I dont have a minimum sum to put in. Or some of them want a minimum payment. Really green on this topics.

doing admin and book-keeping for your company is NOT fee-earning work.

[win10]

You're wife's admin/bookeeping brings in 5-7% of revenue to the company?

More or less. Calculated on the hours she puts in it. It is not only a/bk, but this is not relevant here.

Other important thing. Are SIPP pots protected if the provider/investment fund went kaput? I have read they are by the state for up to £85k. This doesnt of course cover bad investment. Is that so?

[win10]

doing admin and book-keeping for your company is NOT fee-earning work.

Fair enough. So have anyone provided SIPP pension to spouse? Even not of £40k magnitude.

[Paralytic]

More or less. Calculated on the hours she puts in it. It is not only a/bk, but this is not relevant here.

She EARNS 5-7%. ie, she does 5-7% of the work that is billed to clients? Are you sure?

[Lance]

Fair enough. So have anyone provided SIPP pension to spouse? Even not of £40k magnitude.

I doubt that anyone on here has tried to maximise pension by doing £80k per year.
On that basis, why split it when £40k is more than most would do per year anyway? It's half hers anyway.

[win10]

Wife's SIPP is clear now. No point going in circles on how much she contributes to LTD.
Any more insight on the other questions will be appreciated.

[rootsnall]

Other important thing. Are SIPP pots protected if the provider/investment fund went kaput? I have read they are by the state for up to £85k. This doesnt of course cover bad investment. Is that so?

How are my investments protected?

Would I lose my pension if my investing platform goes bust? | This is Money

[sludgesurfer]

Any more insight on the other questions will be appreciated.

Go to this site. Read it. Particularly the platform comparison table.

Monevator — Make more money, invest profitably, retire early

[win10]

Questions:
If I have personal savings of 40k.
If I open a SIPP now and dont pay 40k from the company, but put my own saved 40k.
Can I do this at all or it must be up to 8k (my salary)?
And will I get any tax back? Mind I havent paid any tax when on 8k salary.
How does this work?

[northernladuk]

Questions:
If I have personal savings of 40k.
If I open a SIPP now and dont pay 40k from the company, but put my own saved 40k.
Can I do this at all or it must be up to 8k (my salary)?
And will I get any tax back? Mind I havent paid any tax when on 8k salary.
How does this work?

You are clearly struggling badly with this whole thing so instead of asking a few high level questions you need a better low level grasp of this so I would say you need ot go ask a professional. Might seem like a simple question but it's asking to explain the whole thing to you. You really need to get this right so either do some research online or chat to your accountant or friendly IFA. Asking a bunch of contractors to teach you the basic of pensions isn't the best start.