This teapot isn't as young as it used to be. There's a few cracks in my glazing, my innards are gunked up with tannins, and my spout occasionally drips embarrassingly.
So I'm looking to chuck as much money as I reasonably can from myCo into my SIPP before Hector decides I can no longer do this.
My understanding is that I can put in 40K a year, and that I can bring forward unused allowance from the previous three years (my SIPP was in place then). So if I put in, say, £60K this year, that would be this year's allowance, and an unused 20K from three years ago.
My question is whether I have to do anything specific to use the unused allowance, or whether I just put in the money and it works itself out.
For NLUK, I have asked my accountants, but they won't offer financial advice.
So I'm looking to chuck as much money as I reasonably can from myCo into my SIPP before Hector decides I can no longer do this.
My understanding is that I can put in 40K a year, and that I can bring forward unused allowance from the previous three years (my SIPP was in place then). So if I put in, say, £60K this year, that would be this year's allowance, and an unused 20K from three years ago.
My question is whether I have to do anything specific to use the unused allowance, or whether I just put in the money and it works itself out.
For NLUK, I have asked my accountants, but they won't offer financial advice.
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