Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Fri, 29 Mar 2024 13:59:33 GMT by james-smith
Hello, I am a director and owner of my own limited company, and I'd like to make a large contribution to my SIPP. I read the MoneyHelper guidance on this ( and it says: "If the money is to be paid into your pension as a company contribution, then any amount can be paid into the pension, without you needing to have corresponding earnings for Income Tax purposes as long as the contributions meet the ‘wholly and exclusively’ test." Also, if my salary is £9,100, and my dividends are £30k, can my company pay more than my salary amount (£9100) into my pension, as I know you can only pay in 100% of your earnings (dividends don't count) into your pension, before you are taxed for going above this limit. There is a lot of conflicting guidance online about this. It appears from the quote above from MoneyHelper that I can. Thank you
Posted Thu, 04 Apr 2024 11:28:58 GMT by HMRC Admin 2

You can find guidance here:

Tax on your private pension contributions

Thank you.

You must be signed in to post in this forum.