Pension (SIPP/SSAS etc) versus BTL

[northernladuk]

little bit confused here guys, probably need to read up alot more on SIPPS
if i am running my own contracting company and intend to use my 50k allowance to pay into a pension to help reduce down my corp tax bill (i dont need the money as divvies this year) do i still need to set up a PAYE scheme via the company (at the moment I dont have one for myself - as I dont pay any salary) ... how can I transfer funds into the SIPP .. is this allowable directly from the business if so is this via PAYE?

thanks

Speak to your accountant.. If you don't have a clue you don't want to go any further on advice from a bunch of strangers. Speak to a professional.

[Contreras]

little bit confused here guys, probably need to read up alot more on SIPPS
if i am running my own contracting company and intend to use my 50k allowance to pay into a pension to help reduce down my corp tax bill (i dont need the money as divvies this year) do i still need to set up a PAYE scheme via the company (at the moment I dont have one for myself - as I dont pay any salary) ... how can I transfer funds into the SIPP .. is this allowable directly from the business if so is this via PAYE?

Contributions made direct from the company to the pension scheme otherwise you are limited to 100% of salary, well actually they let you put away a base figure of a few £K even with nil salary but it's not much.

Company pension contributions are completely outside of PAYE and neither would they feature on your SA return. As for "how", ask your SIPP provider.

Why are you not paying a salary? PAYE is not that difficult and a minimum salary will get your NI stamp. Definitely see an accountant if you're just putting this off for no good reason.