All, soon to be working through umbrella company (yeah I know it could be a mistake). Anyway, what is the score with pensions, how much can I chuck in there to lower my tax liability ? I know you can't get it straight away but would rather stash some for later than get totally shafted tax wise.
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You can stash pretty much as much as you like now. As of April this year the stupid rules have gone. -
Lifetime limit of ca. £1.5m IIRC.Comment
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The best way is still to fund it from your won ltd though. That way you avoid CP on the contributions."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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DaveB is correct. A limited company paying the pension is more tax efficient than personal contributions.
Also you can't get the money till aged 55 now. Was 50.Comment
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