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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 a...
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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 by "deemed payments"; how should...
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 pension contributions to...
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 amount should...
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 is that...
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 = 6-6.5k average
[2] Company / private pension from...
Hi,
Just got my end of year accounts with my calculated corp tax bill :eek: 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...
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
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 if the income is taxed at basic rate...
£130...
Hello everyone, please answer my question.
Company tax yr ended few months ago in Nov2010 & I have seen the hefty Corporation tax bill now. :tumble:
Is it possible now to open a pension(sipp) & invest some profit from that 2010 company tax yr :confused: