Pension Advice - Best options

[SueEllen]

There is a thread currently two places below this one about pensions asking a very similar question and even if it's not when you read this I suggest you look at the first three pages on this part of the forum.

[eek]

Have you got an accountant. If you have ask him.

If not get one they will save you a fortune.

[SueEllen]

Somewhere, NLUK's hackles are twitching

That's because you know he didn't attempt to use the search facility or google.

[jmo21]

Somewhere, NLUK's hackles are twitching

[pippin]

Hi there,

Firstly I appreciate this is something I ultimately need to discuss with my accountant, however I wanted to try and get a better handle on the subject prior to talking with him.

I started an employer contribution pension when I was in my last job which was a standard PAYE position, I'd pay in X amount each month and the employer would match it.

When I left that job I began contracting and setup my Ltd company, at which point (and I realise this wasn't the best thing to do) I changed the way my pension was paid into, paying X amount directly into it from my own pocket.

My understanding is I'd be better off paying pension contributions directly from the Ltd company, reducing the amount of Divs paid out?

Can someone explain, possibly with an example, how this would benefit me?

Many thanks