IR35, Short term SSAS pensions

[IR35 Avoider]

The following site confirms that you need £20,000 "secure income" to do flexible drawdown.

http://www.pensionsandannuities.co.u...e_drawdown.htm

If the GAD tables are a correct predictor of the actual annuity rates you can get, it would cost you £20,000/4.5% = £444,444 to buy an annuity big enough so that all other pension money (over and above the £444,444) could be taken out of the pension immediately.

So in practise, almost everyone will be restricted to take only a "safe" amount of income from their pension each year. (They will need to use "capped drawdown" as opposed to "flexible drawdown.") The restrictions are to make sure you don't run out of money and rely on benefits.

[Contreras]

I just wonder if a good IFA would understand the company/personal tax/IR35 implications, or an accountant would understand the SIPPs stuff. Guess I'll find out :-)

IMHO:

Use an accountant, and a tax specialist at that.

Only bother with an IFA if you need help selecting a provider and/or investment types, and even then still do your own research thoroughly.

[IR35 Avoider]

Another thread has reminded me of a detail I knew but forgot to mention: you only have unused pension allowance for a previous year if you were a member of a pension scheme in that year. It doesn't have to be the same scheme you want to contribute to now and you don't have to have actually contributed anything, but one must have existed.