Yet another pension query...

[Spanner]

Hi,

I've read a number of threads on pensions and I think I've understood what's been said.

I'm planning to use my ltd co to contribute around £30k this year to my personal SIPP ( with Hargreaves Lansdown ) as a business expense.

My question is : Do I need any paperwork before I transfer the money from my business account to the pension account, such as prior approval from HMRC?

Cheers

Spanner

[ctdctd]

Hi,

I've read a number of threads on pensions and I think I've understood what's been said.

I'm planning to use my ltd co to contribute around £30k this year to my personal SIPP ( with Hargreaves Lansdown ) as a business expense.

My question is : Do I need any paperwork before I transfer the money from my business account to the pension account, such as prior approval from HMRC?

Cheers

Spanner

You have to fill in HL's Employer contribution form and send a cheque from your business account to do a one off contribution - form is here.

You can also do regular Direct Debit contributions but I haven't tried these.

[Martin at NixonWilliams]

Hi,

I've read a number of threads on pensions and I think I've understood what's been said.

I'm planning to use my ltd co to contribute around £30k this year to my personal SIPP ( with Hargreaves Lansdown ) as a business expense.

My question is : Do I need any paperwork before I transfer the money from my business account to the pension account, such as prior approval from HMRC?

Cheers

Spanner

You do not need approval from HMRC. However, make sure you keep the supporting paperwork for your records.