I have two Pensions one Executive Pension through my Ltd. Company and the other a Personal Pension both with Standard Life. I prefer to manage my own funds having paid for "expert" advisers in the past
I was led to believe that the maximum you can pay was limited to £50,000 per annum and limited to the amount of salary you receive - so that being BOTH Pensions. However, my accountant tells me that the Executive Pension being employer contributions is not dependent on after tax salary. Does this therefore mean I can pay up to 50k (not that I could in EITHER pension i.e. 50k to the EPP and 50k to the personal ??
My company did poorly this year 2013/14 but did well 2010,11 and 12 but again from talking to Standard Life I believe you can't back date payments. I've been steadily building up my EPP but would like to use savings/salary to add as much as I can into the personal plan which at the moment is small (15k)
Thanks
I was led to believe that the maximum you can pay was limited to £50,000 per annum and limited to the amount of salary you receive - so that being BOTH Pensions. However, my accountant tells me that the Executive Pension being employer contributions is not dependent on after tax salary. Does this therefore mean I can pay up to 50k (not that I could in EITHER pension i.e. 50k to the EPP and 50k to the personal ??
My company did poorly this year 2013/14 but did well 2010,11 and 12 but again from talking to Standard Life I believe you can't back date payments. I've been steadily building up my EPP but would like to use savings/salary to add as much as I can into the personal plan which at the moment is small (15k)
Thanks
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