Ltd Co Pension Schemes
- Thread starter poshgaffer
- Start date
M
multilingual
:roll:
Steady boy, I said please don't take it the wrong way, but that's what you did.
As for pensions, you will find that ltd companies are ideal vessels for this as there is a heap of tax relief available if you re-invest company profits into company pensions.
The rules on what you can clasify as being a 'pension' are becoming more relaxed as well so it is becoming more attractive all the time.
I know this because I asked my accountant.
:wink:
JB
Steady boy, I said please don't take it the wrong way, but that's what you did.
As for pensions, you will find that ltd companies are ideal vessels for this as there is a heap of tax relief available if you re-invest company profits into company pensions.
The rules on what you can clasify as being a 'pension' are becoming more relaxed as well so it is becoming more attractive all the time.
I know this because I asked my accountant.
:wink:
JB
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Posh
So you are saying that your accountant would charge you a fee if you asked him this question?
I don't know about the rest of the guys in here but I can call or email my accountant any time and get an answer to a query. He desn't charge me for adhoc enquiries like this.
It's ok to sound things out in here, but you will get some good feedback in here as well as some people who try to help but don't know what they are talking about.
to be safe go and see your accountant.
8)
So you are saying that your accountant would charge you a fee if you asked him this question?
I don't know about the rest of the guys in here but I can call or email my accountant any time and get an answer to a query. He desn't charge me for adhoc enquiries like this.
It's ok to sound things out in here, but you will get some good feedback in here as well as some people who try to help but don't know what they are talking about.
to be safe go and see your accountant.
8)
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0
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If I'm not too late to add something.........
Do you want a pension scheme at all? Yes good tax relief on the way in, but then you are stuck with having to convert it to an annuity (or most of it) later on, and with annuity rates unlikely to go up again, I think it's very poor value.
If you have money to invest, there are other things to invest in, property remains a good long term bet, and if you are leasing your business premises, then you could consider buying. Might well give you a better return than the same funds in a pension scheme.
Do you want a pension scheme at all? Yes good tax relief on the way in, but then you are stuck with having to convert it to an annuity (or most of it) later on, and with annuity rates unlikely to go up again, I think it's very poor value.
If you have money to invest, there are other things to invest in, property remains a good long term bet, and if you are leasing your business premises, then you could consider buying. Might well give you a better return than the same funds in a pension scheme.
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Its better to talk to a financial advisor rather than an accountant (although some accountants are FSA registered as well).
You could put money into a SIPS and then utilise some of that money to invest in commercial property but you need to be fully advised of the pro's and con's before considering it.
You could put money into a SIPS and then utilise some of that money to invest in commercial property but you need to be fully advised of the pro's and con's before considering it.
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