Employer contribtions to SIPP - but receiving minimal income
Discussion
Hi all
I am an employee of my limited company. I pay myself a salary and dividends as I need it. I also receive an income from lodgers and tenants. At the moment I mainly using my income from my lodgers and tenants to live off.
I wish to build up my SIPP. Please can you advise whether I can make employer contributions from my limited company into my SIPP without paying the same or similar amount to myself as income?
Your suggestions/advice would be most welcome
Sparky
I am an employee of my limited company. I pay myself a salary and dividends as I need it. I also receive an income from lodgers and tenants. At the moment I mainly using my income from my lodgers and tenants to live off.
I wish to build up my SIPP. Please can you advise whether I can make employer contributions from my limited company into my SIPP without paying the same or similar amount to myself as income?
Your suggestions/advice would be most welcome
Sparky
Sorry just want to check this again... I was wondering if Eric could answer please as I understand he is an accountant....
Is it correct that even if I do not have any relevant UK earnings, my employer can still make contributions up to the annual allowance (currently £40,000) to a SIPP.
Thank you
Is it correct that even if I do not have any relevant UK earnings, my employer can still make contributions up to the annual allowance (currently £40,000) to a SIPP.
Thank you
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