SIPP contribution

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lukemg replied

28 March 2013, 15:08
Originally posted by DimPrawn View Post

Good man sticking lots of money in a pension.

Govt/EU will be grateful for this contribution after they've run out of bank accounts to rob.

Yep, could happen and an easy target but I want some of the cash out of the company and this looks like a way to get a chunk out and under my control.
Got it earning and spread as much as I can but short of buying kruggerands, beans and shotgun cartridges, not sure what I can do !
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Ignis Fatuus replied

28 March 2013, 13:43
Originally posted by northernladuk View Post

Yeah, your accountant....

Classic NLUK
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northernladuk replied

28 March 2013, 10:38
Originally posted by lukemg View Post

Looking to stick some cash into my SIPP from the co account.

SIPP provider asking - The type of contribution (gross employer, net employee or a mixture of both)

Presuming its gross employer ?

Can anyone advise ?
TIA

Yeah, your accountant....
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DimPrawn replied

28 March 2013, 10:28
Good man sticking lots of money in a pension.

Govt/EU will be grateful for this contribution after they've run out of bank accounts to rob.
Leave a comment:
Ignis Fatuus replied

28 March 2013, 09:53
Originally posted by lukemg View Post

Accountant confirmed its Gross employer - panic/query over.

Have fun all...

"Net employee" would presume tax paid before you the employee got your hands on the money, so they would gross it back up by adding back in the tax that you had paid. If it is paid directly by the company, there was no such tax paid so Hector would want to slap your wrist for stealing his money.

PS Net employee would get tax added back in, but not NICs, which is why Gross company is a better idea.
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lukemg replied

28 March 2013, 09:47
Accountant confirmed its Gross employer - panic/query over.

Have fun all...
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SupremeSpod replied

28 March 2013, 09:30
Originally posted by lukemg View Post

needed a quick response and I know everyone checks here first !

Sorry to mass up all the inane threads with something useful....

Good luck.
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lukemg replied

28 March 2013, 09:18
needed a quick response and I know everyone checks here first !

Sorry to mass up all the inane threads with something useful....
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SupremeSpod replied

28 March 2013, 09:15
Originally posted by lukemg View Post

Looking to stick some cash into my SIPP from the co account.

SIPP provider asking - The type of contribution (gross employer, net employee or a mixture of both)

Presuming its gross employer ?

Can anyone advise ?

TIA

Tell them to mind their own business or you'll send the boys round!

(By now you will have realised that you posted your question in the wrong section of the forum.)
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lukemg started a topic SIPP contribution

28 March 2013, 09:12
SIPP contribution

Looking to stick some cash into my SIPP from the co account.

SIPP provider asking - The type of contribution (gross employer, net employee or a mixture of both)

Presuming its gross employer ?

Can anyone advise ?

TIA
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