Limited Company. Open a pension scheme help
Discussion
Apologies that for some this question may seem obvious but it's new to me!
I have a limited company and I would like to move funds from the company into a pension, this is where I need a few pointers.
1) How do I find the best pension company, do I use a site like 'money expert' and apply, is the application the same as an individual applying or as a company do I need a specialist company pension scheme even though it's just me in the company? Could you pop a link to an example of a pension provider : )
2) How do I physically move the money form the business account to the pension account, it a simple case of starting a monthly direct debit to the pension account and claim as an expense?
3) Is starting a pension as simple as the above 2 questions?
4) I have 2 other company pensions, can I lump together?
Thank you.
I have a limited company and I would like to move funds from the company into a pension, this is where I need a few pointers.
1) How do I find the best pension company, do I use a site like 'money expert' and apply, is the application the same as an individual applying or as a company do I need a specialist company pension scheme even though it's just me in the company? Could you pop a link to an example of a pension provider : )
2) How do I physically move the money form the business account to the pension account, it a simple case of starting a monthly direct debit to the pension account and claim as an expense?
3) Is starting a pension as simple as the above 2 questions?
4) I have 2 other company pensions, can I lump together?
Thank you.
Julian,
Perfect thank you. I have previously sought independent advice, a while ago, but thought to cast a question to help me understand better the options. The SIPP was discussed as the option, just need to find the best provider. Thank you for the answer to 4!
I shall look tonight for a SIPP. The independent advice concluded that if I wanted to draw a pension of £35k at 67 years old I needed a fund of £1million, so I need to invest £2k a month.
Perfect thank you. I have previously sought independent advice, a while ago, but thought to cast a question to help me understand better the options. The SIPP was discussed as the option, just need to find the best provider. Thank you for the answer to 4!
I shall look tonight for a SIPP. The independent advice concluded that if I wanted to draw a pension of £35k at 67 years old I needed a fund of £1million, so I need to invest £2k a month.
Gassing Station | Finance | Top of Page | What's New | My Stuff