AML loans
Hi all
Newbie here, thank you for all the posts in this thread. I believe I have read every one avidly over the last week. A massive thankyou to all the contributors, you are doing amazing job.
I have two loans from AML.
2015/16 - 33,000
2016/17 - 51,200
The money trail was : Agency --> LTD company (I am director) --> AML --> My personal bank account
I have not received any letters from HMRC yet but i am considering settlement to get over it and leave this behind. I have some money in the LTD company account and thinking of taking director's loan to settle with HMRC.
I have a question, can i contribute towards Pension (for year 15/16 & 16/17) when settling with HMRC or pension option is only for LC19? My view is if i am using pension for settlement then i am infact using the money for my future compared to paying tax(effectively throwing away the money). I have 0 pension contribution till date.
Any advice will be welcome
Hi all
Newbie here, thank you for all the posts in this thread. I believe I have read every one avidly over the last week. A massive thankyou to all the contributors, you are doing amazing job.
I have two loans from AML.
2015/16 - 33,000
2016/17 - 51,200
The money trail was : Agency --> LTD company (I am director) --> AML --> My personal bank account
I have not received any letters from HMRC yet but i am considering settlement to get over it and leave this behind. I have some money in the LTD company account and thinking of taking director's loan to settle with HMRC.
I have a question, can i contribute towards Pension (for year 15/16 & 16/17) when settling with HMRC or pension option is only for LC19? My view is if i am using pension for settlement then i am infact using the money for my future compared to paying tax(effectively throwing away the money). I have 0 pension contribution till date.
Any advice will be welcome
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