pension - Contractor UK Bulletin Board

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DimPrawn replied

6 June 2006, 12:18
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.
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DaveB replied

6 June 2006, 12:17
The best way is still to fund it from your won ltd though. That way you avoid CP on the contributions.
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Lucifer Box replied

6 June 2006, 12:16
Lifetime limit of ca. £1.5m IIRC.
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DimPrawn replied

6 June 2006, 12:15
You can stash pretty much as much as you like now. As of April this year the stupid rules have gone.
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lukemg started a topic pension

6 June 2006, 12:12
pension

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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