Personal pension - IFAs contract

Jan 24, 2006 1 Replies

One IFA says the maximum contribution my company can make to my PP in this tax year is 3600. The other says it is 35% of the salary of the basis year setup in 2002/2003.



My Limited company pays all my personal pensions contributions.



Up until a couple of years ago I drew a modest but sensible salary. I recently reduced the salary to below Tax/NI levels and took extra dividend.



I stress that I personally am not paying any contributions.



Which IFA is right?



and



Is the carry back/carry forward deadline of 31st Jan relevant in this case?



Many tia



Subject should have read "Personal pension - IFAs contradict"

^^

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