Lorien offer a choice of:
Giant
NASA
Orange Genie
Paystream
I've read through lots of threads/posts here and still can't get my head around some of the issues. What I'd be looking to do:
1. Contribute to an existing (Hargreaves Lansdown) SIPP via salary sacrifice (the full £40k in the rest of this tax year).
2. Use the carry-forward for the last 3 years (looking to fund the "oldest" year, as far as possible, before the end of this tax year).
3. Keep my Ltd Co running (may be done separately, perhaps as a dormant co, but that may be a separate issue)
I read in other threads that not all UCs deal with Salary Sac well, in particular there can be issues with varying payments.
One poster suggested that you shouldn't (be able to) vary payments for 12 months - unless there are exceptional changes in circumstances - or HMRC may see the arrangement as "not a proper Salary Sac".
But then... how do you catch up with carry-forward unless you can vary payments? I mean, once we've filled up the £40k for previous years, don't we then need to change the payment amount - especially if we've also filled up "this year" as well - otherwise we'd be over-funding the pension? It all seems a bit unclear.
I'd be grateful if anyone can shed some light, maybe share some experiences/knowledge of these 4 companies (and of Lorien).
Thanks in advance.
Giant
NASA
Orange Genie
Paystream
I've read through lots of threads/posts here and still can't get my head around some of the issues. What I'd be looking to do:
1. Contribute to an existing (Hargreaves Lansdown) SIPP via salary sacrifice (the full £40k in the rest of this tax year).
2. Use the carry-forward for the last 3 years (looking to fund the "oldest" year, as far as possible, before the end of this tax year).
3. Keep my Ltd Co running (may be done separately, perhaps as a dormant co, but that may be a separate issue)
I read in other threads that not all UCs deal with Salary Sac well, in particular there can be issues with varying payments.
One poster suggested that you shouldn't (be able to) vary payments for 12 months - unless there are exceptional changes in circumstances - or HMRC may see the arrangement as "not a proper Salary Sac".
But then... how do you catch up with carry-forward unless you can vary payments? I mean, once we've filled up the £40k for previous years, don't we then need to change the payment amount - especially if we've also filled up "this year" as well - otherwise we'd be over-funding the pension? It all seems a bit unclear.
I'd be grateful if anyone can shed some light, maybe share some experiences/knowledge of these 4 companies (and of Lorien).
Thanks in advance.
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