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Recent content by oldgitst
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Pension and allowance
cheers, just had a read and has helped a lot, I think I could open a SIPP pay in the full allowance for 2015-2016 and do the same for my wife but at a slightly reduced amount. Reading between the lines, the other halves rollover allowance probably isn't going to be feasible to use without it... -
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Pension and allowance
Thanks for that. Yes, she is an employee 45% shareholder.... BUT obviously isn't as involved as myself and gets paid basic wage same with dividend top up.... So maybe bad idea this lol. IF she did have contributions for the rollback allowance, that obviously dwarfs mine as I cannot use the... -
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Pension and allowance
Fair do's , I didn't realise ..... Apologies 😀 -
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Pension and allowance
Ok, I appreciate that and I'm trying to research all this now, I am trying to get what facts I can together and yes it's pointing towards taking professional advice BUT not being an accountant / or financial professional I didn't know it was as complicated as this in reference to pensions etc... -
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Pension and allowance
Ok, I appreciate that and I'm trying to research all this now, I am trying to get what facts I can together and yes it's pointing towards taking professional advice BUT not being an accountant / or financial professional I didn't know it was as complicated as this in reference to pensions etc... -
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Pension and allowance
Thanks for the advice, and in answer / clarification ... Yes the profits are approx 300k nett, I have no pension so understand I can only use this tax years allowance, thank you for confirming that. My wife has an old company pension from an old job many moons ago, we have contacted the pension... -
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Pension and allowance
Hey all, great forum, I am after some advice regarding pensions so please forgive me if it seems quite basic :-s I have not held any pension whatsoever in the past. I was goin to open a sipp can have the company that I own pay in a contribution of 40k for this current taxt year to offset some...
