Company pension dilemma

Not sure that this is the right group for pensions advice

You need to speak to a good independent financial advisor who understands self-employment etc. I think you company can pay into your own personal pensions if you wish (no need for a company scheme) and you do not need to go the SIPP route unless you want to. It will cost a bit more.

The way I read it, he's not self-employed. He's employed by a company that he owns, which I think is technically different.

He should consider not only which pension is best personally but also which benefits his company most, since he is the 100% shareholder.

If he owns a company then he should have some of his invoices paid overseas where the money gets deposited into interest bearing accounts.

If I'm not mistaken income will not be taxed until a payout is made after he's retired, and the accumulation of interest is with pretax money.

There are many ways to avoid taxation during one's working years.

Many illegal.

Yes, Peter is write, follow this and you could well end up with a free holiday in a special hotel, two beds to a room, en suite, regular exercise facilities, with a fixed term.

Its called fraud.

It's also called 'right', not 'write'. I suggest that prison or heavy fines should be mandatory for bad spelling or grammar. :-)

Just because you don't understand tax law......

I let it go because such misuse of words is more an indicator of educational level than a simple misspelling.

They're already in a prison.