There's also the issue that you be presumably resigning from your current employment and effectively being on contract with your current employer. This has far wider issues than just pensions, e.g. loss of employment rights, holiday pay, sick pay etc. You also take on the responsibilities of being a company director and pension scheme trustee, doing your record-keeping and tax returns etc.
There's also the issue that you be presumably resigning from your current employment and effectively being on contract with your current employer. This has far wider issues than just pensions, e.g. loss of employment rights, holiday pay, sick pay etc. You also take on the responsibilities of being a company director and pension scheme trustee, doing your record-keeping and tax returns etc.
This won't work. Revenue won't approve a new pension scheme for a non-trading company and/or a non-salaried member/director. If the new pension scheme is not approved by Revenue, you can't transfer an existing fund into it.