Raymond
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RE: Making employer contribution to a SIPP as a sole director.
I am not sure if I explained this well. Here is my question put in a clearer manner; I am the sole director and employer of my own Ltd Co working in the building trade. I receive no renumeration from my Ltd Co, as I have other income from property investment. There are no one else working for my Ltd Co but me. My Ltd Co pays contribution into my SIPP from the business bank account. Would the contribution the business makes into my SIPP qualify as business expense? Thanks -
RE: Transfer of contributions from spouse
I have 20 years of NIC and my spouse has 10 years of NIC, If one of the parties dies on the same tax year, would the other party be able to apply for transfer of those qualifying years of the deceased civil partner? -
RE: Making employer contribution to a SIPP as a sole director.
Just to confirm; If a director / employer of a Ltd Co, makes contributions to a SIPP out of the business fund, the contribution it is not treated as a business expense? So why do pension providers insist that directors contribution to a SIPP will be offset against the corporation tax of the Ltd Company? Many thanks. -
Making employer contribution to a SIPP as a sole director.
I am enquiring whether tax relief applies in the following case. A Ltd Co, one director, no other employee, SIPP was opened ofter appointing the director, director receives no renumeration from the Ltd Co, company is a trading business and makes profit. Can the director make pension contribution into his / her SIPP? Will this contribution be treated as business expense? Does the contribution qualify for tax relief? What is the limit of the contribution in one tax year?