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SIPP contributions from my Ltd Company or personal bank account?

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    SIPP contributions from my Ltd Company or personal bank account?

    Hi All,

    I am an IT consultant currently outside of IR35 with some money in my Ltd company.

    I am just about to start a SIPP with Vanguard. Do I ....

    Pay from my Ltd Company Bank Account

    Pay from my personal account

    Can I only pay in a max of £8600 per year (my current wage)

    If I take an inside IR35 Umbrella job for the next contract and close the company, then what?

    Thanks in advance

    P

    #2
    Not sure you have posted in the right area here !

    Pay it direct from your Ltd, by far the most tax and NI efficient. Ask Vanguard for the process. You can pay £40k a year and can backdate for 3 years (?) if you had any pension open in the previous 3 years.

    Pension Carry Forward: Annual Allowances & Rules | HL
    Last edited by rootsnall; 3 June 2020, 13:26.

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      #3
      Do you have an accountant?
      'CUK forum personality of 2011 - Winner - Yes really!!!!

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