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SIPP contribution

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    SIPP contribution

    Looking to stick some cash into my SIPP from the co account.

    SIPP provider asking - The type of contribution (gross employer, net employee or a mixture of both)

    Presuming its gross employer ?

    Can anyone advise ?

    TIA

    #2
    Originally posted by lukemg View Post
    Looking to stick some cash into my SIPP from the co account.

    SIPP provider asking - The type of contribution (gross employer, net employee or a mixture of both)

    Presuming its gross employer ?

    Can anyone advise ?

    TIA
    Tell them to mind their own business or you'll send the boys round!

    (By now you will have realised that you posted your question in the wrong section of the forum.)

    Comment


      #3
      needed a quick response and I know everyone checks here first !

      Sorry to mass up all the inane threads with something useful....

      Comment


        #4
        Originally posted by lukemg View Post
        needed a quick response and I know everyone checks here first !

        Sorry to mass up all the inane threads with something useful....
        Good luck.

        Comment


          #5
          Accountant confirmed its Gross employer - panic/query over.

          Have fun all...

          Comment


            #6
            Originally posted by lukemg View Post
            Accountant confirmed its Gross employer - panic/query over.

            Have fun all...
            "Net employee" would presume tax paid before you the employee got your hands on the money, so they would gross it back up by adding back in the tax that you had paid. If it is paid directly by the company, there was no such tax paid so Hector would want to slap your wrist for stealing his money.

            PS Net employee would get tax added back in, but not NICs, which is why Gross company is a better idea.
            Job motivation: how the powerful steal from the stupid.

            Comment


              #7
              Good man sticking lots of money in a pension.

              Govt/EU will be grateful for this contribution after they've run out of bank accounts to rob.

              Comment


                #8
                Originally posted by lukemg View Post
                Looking to stick some cash into my SIPP from the co account.

                SIPP provider asking - The type of contribution (gross employer, net employee or a mixture of both)

                Presuming its gross employer ?

                Can anyone advise ?
                TIA
                Yeah, your accountant....
                'CUK forum personality of 2011 - Winner - Yes really!!!!

                Comment


                  #9
                  Originally posted by northernladuk View Post
                  Yeah, your accountant....
                  Classic NLUK
                  Job motivation: how the powerful steal from the stupid.

                  Comment


                    #10
                    Originally posted by DimPrawn View Post
                    Good man sticking lots of money in a pension.

                    Govt/EU will be grateful for this contribution after they've run out of bank accounts to rob.
                    Yep, could happen and an easy target but I want some of the cash out of the company and this looks like a way to get a chunk out and under my control.
                    Got it earning and spread as much as I can but short of buying kruggerands, beans and shotgun cartridges, not sure what I can do !

                    Comment

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