Your partner is about to give up work to have a child. She expects to be out of the job market for several years. Meanwhile she wants to keep up her pension savings. Is getting your company to pay
her contributions a tax-efficient way to do it?
Published 14.11.2023
A colleague tells you that tax relief on pension contributions is only allowed against salary and not dividends. And, because you only take a small salary from your company on which you don’t pay
tax, you’re losing out. Is he right?
Published 10.05.2013
You want to pay a sizeable amount into your pension, but the rules say you’re only allowed to contribute up to the level of your earnings. As you take most of your income as dividends, how will this
limit your pension contributions?
Published 13.11.2013
Sound advice for SMEs is for a director/shareholder to take enough salary to cover their tax-free personal allowance and extract any further cash needed as dividends. But should you pay pension
contributions out of this?
Published 08.12.2005
While getting your business off the ground you neglected your pension savings. You want to make up for it now but your advisor tells you that the annual contribution limits will prevent this. Is
there a way around them?
Published 17.04.2019
The current rules on pension contributions have been around for over a year, but they’re still throwing up new problems. The latest one can seriously limit tax relief for directors using a low
salary/high dividend tax strategy. What’s the full story?
Published 03.10.2012
Your pensions advisor has said that your company can claim full tax relief on all pension contributions paid on behalf of your spouse, irrespective of salary. Is this right?
Published 05.06.2008
From April this year the annual limit for tax relief on pension contributions was slashed. As a quid pro quo the Taxman allows you to bring forward any unused limit from the previous three years. But
is there a way you can stretch this further?
Published 15.11.2011
The Taxman sent our subscriber a bill for NI on pension premiums paid by his company directly into his pension scheme. Employers’ contributions are supposed to be NI-free, so what should you be doing
to ensure this?
Published 24.03.2005
If you have money to invest you could go for one of the government’s tax-advantaged schemes like ISAs. These have proved popular, but could the changes to scheme rules make a pension a better home
for your cash?
Published 05.02.2016