sipp

[mrdonuts]

if i earn £60k can i pay 10 k salary and stick the other 50k in a ??? or can you only match the salary paid e.g. 10k

[Hex]

if i earn £60k can i pay 10 k salary and stick the other 50k in a ??? or can you only match the salary paid e.g. 10k

I presume by ??? you mean SIPP? If so, there is nothing stopping you paying yourself 10K salary and putting 50K in the SIPP. There used to be a worry that anything above 100% of salary may be dissallowed as a company contribution, but I think that is thought much less likely nowadays.

<pedant>If you pay the 50K into a SIPP, you will be left with 10K which will have to cover all other expenses including salary, employer's NI, accountants fees etc., so there will not be enough left for a 10K salary if you only received 60K in teh first place</pedant>

It might be worth checking with your accountant to see what they say.