Hello all,
I am new to this site. I have a question about private pension.
I provide service to a Company-ABC via my LTD-Company. The contract was signed between Company-ABC and my LTD-Company. However, Company-ABC generate monthly self bill (based on my timesheet) and pays the Net Value (Tax and NI deducted at the source) to my LTd-Company business account. From there, I transfer full amount to my personal account as a salary. The Company-ABC also generates wage slip for me showing a clear NI and tax deduction at the source. Is anyone contracting in this way and whether this is a normal?
My annual earning is about £130K before tax. I would like to put a lump sum towards private pension. What is maximum amount I can put and get the tax rebate?
Could you also recommend me a best and HMRC registered pension company for the private pension?
Many thanks,
CDP90
I am new to this site. I have a question about private pension.
I provide service to a Company-ABC via my LTD-Company. The contract was signed between Company-ABC and my LTD-Company. However, Company-ABC generate monthly self bill (based on my timesheet) and pays the Net Value (Tax and NI deducted at the source) to my LTd-Company business account. From there, I transfer full amount to my personal account as a salary. The Company-ABC also generates wage slip for me showing a clear NI and tax deduction at the source. Is anyone contracting in this way and whether this is a normal?
My annual earning is about £130K before tax. I would like to put a lump sum towards private pension. What is maximum amount I can put and get the tax rebate?
Could you also recommend me a best and HMRC registered pension company for the private pension?
Many thanks,
CDP90
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