M
Martinicus
Guest
I am both a sole trader and a PAYE employee of a company. As an employee, I am entitled to a 5% employer contribution if I match that contribution. However, the company pension is a 5%/0.75% one, so I am reluctant to put anything more than I need to into it.
I have gotten details via LA Brokers from Eagle Star about a 0/1% pension through them, so I am planning on setting up a pension through them and putting other monies (from my sole-tradership mostly) into them, thus leaving me with two pension schemes, probably both through Eagle Star.
1. Is this a sound plan ?
2. I have money in my sole-trader account on which I haven't paid tax, on invoices paid in 2006. I would like to put some of this into a pension fund to reduce my tax liability. Is back-dating pension contributions for pension tax relief purposes okay?
Thanks for any advice you can offer.
I have gotten details via LA Brokers from Eagle Star about a 0/1% pension through them, so I am planning on setting up a pension through them and putting other monies (from my sole-tradership mostly) into them, thus leaving me with two pension schemes, probably both through Eagle Star.
1. Is this a sound plan ?
2. I have money in my sole-trader account on which I haven't paid tax, on invoices paid in 2006. I would like to put some of this into a pension fund to reduce my tax liability. Is back-dating pension contributions for pension tax relief purposes okay?
Thanks for any advice you can offer.