Apologies for the commonly covered topic -I found a few older threads about pensions in general, but I'm still a bit unsure...
I recently opened and started contributing towards a stakeholder pension. I'm making the contributions directly from my limited company account - believing that the payments would be reducing my corporation tax. However, following some slightly cryptic emails from my accountant, I'm now under the impression that because it's a stakeholder pension, as opposed to a business pension, all contributions are considered to be from me personally. Therefore, I'm not saving any corporation tax?
I asked my accountant for clarification, but I'm stuggling to understand the replies - hence this post!
I only pay myself a basic salary of £8k pa, with the rest in dividends, but I was hoping to contribute more than £8k pa towards the pension pot. Does it therefore make sense for me to start a different type of pension?
Thanks in advance!
I recently opened and started contributing towards a stakeholder pension. I'm making the contributions directly from my limited company account - believing that the payments would be reducing my corporation tax. However, following some slightly cryptic emails from my accountant, I'm now under the impression that because it's a stakeholder pension, as opposed to a business pension, all contributions are considered to be from me personally. Therefore, I'm not saving any corporation tax?
I asked my accountant for clarification, but I'm stuggling to understand the replies - hence this post!
I only pay myself a basic salary of £8k pa, with the rest in dividends, but I was hoping to contribute more than £8k pa towards the pension pot. Does it therefore make sense for me to start a different type of pension?
Thanks in advance!
