Making employer contributions to a pension as sole director of LTD

[sludgesurfer]

Thank you for all of the feedback!



When you say "fees both ways," other than the pension provider's fees, what other fees do you mean?

(Currently have a pension with Aviva; debating paying into it before my end of year to get the tax benefits & sorting out transferring it out later.)

Were you to transfer out of the Aviva scheme, you may have to pay an exit penalty. These tend to sit somewhere on a scale of "that seems reasonable" to "christ on a bike that's ridiculous". Some charge a single fee, others charge based on each "holding" be that a fund, trust, ETF etc...

You have the option of doing a cash transfer - where your existing provider sells your holding and transfers the cash to your new provider who holds it until such times as you instruct it to do something else with it.

Or you can do what is called an "in specie" transfer where the holdings are transferred from one provider to another without selling them - thus avoiding time out of the market.

I'd recommend monevator.com one of the best resources on the internet for this kind of thing.