Hi,
I have read up on SIPPs and just want to confirm my understanding of how they operate rules etc.
1. I can pay into a SIPP directly from my company bank account and it reduces my corp tax.?
2. There is no limit on how much I can pay as long as the company is still in profit?
3. In the SIPP I can then assign the cash into shares or funds.
4. The SIPP provider will charge for trades and annual fees for managing the SIPP.
5. Any money I pay into the SIPP is protected from IR35 investigations.
6. I can't touch the SIPP until I am 55 and then I can take all the money out or buy an annuity.
7. I am taxed when I take money out?
Let me know if any of the above are wrong, or I have missed anything.
I am looking at Barclays asmy provider as I bank with them
I have read up on SIPPs and just want to confirm my understanding of how they operate rules etc.
1. I can pay into a SIPP directly from my company bank account and it reduces my corp tax.?
2. There is no limit on how much I can pay as long as the company is still in profit?
3. In the SIPP I can then assign the cash into shares or funds.
4. The SIPP provider will charge for trades and annual fees for managing the SIPP.
5. Any money I pay into the SIPP is protected from IR35 investigations.
6. I can't touch the SIPP until I am 55 and then I can take all the money out or buy an annuity.
7. I am taxed when I take money out?
Let me know if any of the above are wrong, or I have missed anything.
I am looking at Barclays asmy provider as I bank with them
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