Pensions Pensions Pensions

[SackmanandCo]

Technical explanations are better explained over the phone rather than in writing. Happy to explain in detail to anyone how I have derived them. Rest assured, they are correct for an individual with less than £150k of personal income trading through a limited company.

I have focused on higher rate taxpayers because the tax breaks on pensions are more suitable to them

[Stag Cozier]

[SackmanandCo]

nah, I'm too much of a wimp!

[psychocandy]

You are limited to £12k personal contribution but there is no limit to your company's contribution. Dividend payments have no affect whatsoever.

Right so personal contributions are limited to salary? Not salary+dividends (i.e. £7K for some of us)?

Not sure if I've read it right but my accountant seems to be saying otherwise.... (Or has this changed recently?)

If this limit is there then I guess it makes sense to use company contributions? Or can you do £7 personal and rest company? (Or cant you mix in same fund)?

[northernladuk]

Right so personal contributions are limited to salary? Not salary+dividends (i.e. £7K for some of us)?

Not sure if I've read it right but my accountant seems to be saying otherwise.... (Or has this changed recently?)

If this limit is there then I guess it makes sense to use company contributions? Or can you do £7 personal and rest company? (Or cant you mix in same fund)?

Why are you resurrecting every pension thread you can find? This one is over a year old???

Just speak to your accountand and get on with it. You worry too much.