Pension carry forward.

[sammy2020]

Hi,
Can you please help me. I started a limited company in Dec 2019 but actual work (earning) started only in Jan 2020. Already invested £40k (employer's contribution) each for 2020, 2021, 2022. Can I invest £40k for 2019 now though there was no earning in 2019. My accounting year is from Jan...

[Run Guran]

Hi everyone,

I got a one year job offer in Germany as a wind turbine maintenance leader. I am trying to figure it out how much my net salary would be and does it worth the effort to move there for one year. In this net salary calculator there is an option of private pension insurance....

[aneecha]

Hello experts,
Myself and my wife are both IT contractors working for 2 separate clients (outside IR35) and contributing more or less equally to our company's revenue.
We are both directors with 50:50 share holding.

Currently, we are not contributing any pensions(neither...

[sammy2020]

Hi,
Can someone please guide me about Pension. My accountant is insisting on me talking to Pension advisor but I don't want to pay commission to pension advisor when I know where to invest. But don't know how.

I started contracting only from Jan 2020 and has workplace pension...

[knowsey]

I'm a newbie contractor (sole director and sole employee of ltd. co.) and have set up co. as been asked to work on a 50 day contract ..these 50 days have been randomly allocated over the last 4 months and the contract is about to end. My client may renew or finish; at this stage some kind of renewal...

[PatPat]

Hi
I'm now contracting inside IR35, through an umbrella company. I want to start contributing to a pension (haven't done this before) and after some research I thought a SIPP with II was the best option.
It now turns out that my umbrella (ICS) say they can make contributions into any SIPP...

[jacquibo]

Hi All and sorry if this has been asked 100 times before.

I am new to a public sector contract and therefore new to falling inside IR35.

I assumed, because the agent said I could, that I could continue to work through my Ltd Co. Having received the paperwork, and done some...

[myso]

I got a decent offer from my current client to go perm from April with a nice 1st year bonus. I'm thinking about taking it to weather out the storm for a year.

I was thinking about doing a big salary sacrifice and piling a big lump of salary and also the bonus into my pension. Problem...

[Lumiere]

Received an email from Pensions Regulator about a mandatory pensions re-enrollment due on 1 Jan, but my accountant is away until the 5th.

A couple of years ago we had to go through this process for my partner who is a company secretary and earns around £12k. Accountant charged us around...

[ScubyUK]

Hi all,

Umbrella is Sapphire, pension in NOW:Pensions

I specifically asked to be enrolled into the Workplace Pension Scheme before the 12 week auto-enrolment kicked in. First pension contribution was made on the 7th June. As of the 22nd August no contributions were showing...

[Tubazilla]

All,

I am having a big dispute with with accountant about my deemed payment calculation.

I have been trading since Feb 1st this year and am INSIDE of IR35. The issue:
- my business received income prior to the end of March
- I pay my pension directly from...

[Age quod agis]

In IR35 and the umbrella has just auto-enrolled me onto the pension scheme with 1%.
The last job also got me in their pension scheme and I probably have a few hundred quid in that also.

I'm going to be here for a few months probably, maybe a year. Who knows?

Is it...

[suresh505]

I work as a contractor through a limited company. Myself and my wife are directors and each of us have 50% shareholding. Both of us are employees of the company as well. I'm planning to enrol for workplace pensions. We are planning to contribute about 1% of salary as employee contribution. As for employer...

[Concorde]

Are contractors working with a public sector organisation through a PSC (ltd company) under IR35 deemed employment arrangements able to recover employer's national insurance contributions on company (PSC) pension contributions.
There seems to be volumes written about IR35 but can't seem to find...

[andywuk]

Hi All,

I have recently setup my own limited company and have just created a SIPP with AJBell.

I'm a bit confused on how to pay money in to the SIPP from business account, should this be as a member, if so which "member contribution" should I classify it as or...

[NeilShadrach]

So contractors with company pension plans will now be paying tax and NI on their pension contributions?

[demyan1]

I am a contractor working through my limited company. I wonder if there is a way to have my company make, and expense, pension contributions - vs. me withdrawing dividends and making pension contributions out of my after-tax personal income. Can anyone advise?

Thank you.

...

[markotsg]

Hello

I am in the process of finding and starting my Pension via LTD company.
I head you can make payments to pension via LTD company which reduces your Corporate tax bill but also via personal contributions which incrases your tax band?

Can anyone recommend pension...

[hawkley]

Hi folks. I'm a newbie to this site. I've read through some previous posts but found them difficult to compare to my own situation.

I've been operating my own limited company for exactly 2 years now. In that time I've taken a salary of c£10,600 for the second year and a dividend of c£23,000....

[Nattybongo]

I am a Contractor with a Limited Company, I feel that I am missing out on "no brainer" tax savings as I don't have a pension set up via my company. I have contacted my financial advisor department of my accounting company and they have explained the ins & outs of the Pension Plan they...

[Blitzer]

I'm about to set up a new company. I've read around this forum and decided that InTouch looks like the best bet to provide accountancy services. A couple of questions follow - the best answer gets my referral if you'd like it (which will probably be on Wednesday 8th April).

I'll be...

[desir]

.
It seems that The Pensions Regulator is forcing "auto enrolment" onto one man band corporations which might be caught by IR35.

In my own situation a limited company is being established to take on work which may fall within IR35.

Whilst HMRC can be appeased...

[markm]

Hi newbie question.

I've an existing private pension with LV that I pay into. LV reclaims basic rate tax on my contributions.
Now I'm a contractor do I need to tell LV to stop reclaiming tax?

I know there are lots of great rules ( and forum threads!) around using...

[jlo1983]

Hello all,

I'm the sole Director of my Ltd Company (an Oil & Gas contractor) in my early 30's looking to set-up a pension. This will be paid from my Ltd Company to save on 20% Corporation Tax.
I wish to save approx. £600/ month but also have the flexibility to change the payment...

[SteveJ]

Hi all,

I am working through my own Ltd company but my current contract is inside IR35. Is there any financial difference between the company making contributions to my SIPP vs me making personal contributions? I understand one of the main advantages of the company making contributions...

[hgllgh]

Below is a basic retirement plan.
It would be interesting to get any views...


The goal is for a retirement income of approx 20k (that's compared with the average of 14k today)

Income made up as follows:

[1] state pension

INCOME...

[swebb]

Hi,

Just got my end of year accounts with my calculated corp tax bill and I realised I forgot to pay anything into my pension for the year. Usually I get my company to put a few quid into my pension. Is it to late to do it now from the companies 2010-2011 tax year, is there any...

[IT_BOY]

Hi Sorry about the lame question. I want to start a pension which is safe with no risks. I have IFA sniffing and calling me like rats.
Do you guys have a pension plan and what would you recommend . I am thinking of putting the max amount in .

Thanks kindly

[hgllgh]

If you compare the net result of pension and ISA investment its approx the same:-

As an illustration lets assume an investment gain of 30% for a basic taxpayer.

PENSION:-
£78 net invested gives an investment of £100
Increase by 30% goes to £130
Now...

[shubhoh]

Hello everyone, please answer my question.

Company tax yr ended few months ago in Nov2010 & I have seen the hefty Corporation tax bill now.

Is it possible now to open a pension(sipp) & invest some profit from that 2010 company tax yr

[Wallsy]

What's the forumers views on a Brookson stakeholder pension for a 50 odd year old?