Hi,
My accountant is currently in the process of winding up my limited company and distributing the funds remaining in the business.
Would it be a good idea in the current climate to make a pension contribution with some of the funds.
More Details...
Age: 36
Married
Tax free Redundancy from company: 16, 280
Mortgage: 110k
Savings: 8k
Pension: contributions 80k. Value 53k.
Profit in business: 5k
My accountant is currently in the process of winding up my limited company and distributing the funds remaining in the business.
Would it be a good idea in the current climate to make a pension contribution with some of the funds.
More Details...
Age: 36
Married
Tax free Redundancy from company: 16, 280
Mortgage: 110k
Savings: 8k
Pension: contributions 80k. Value 53k.
Profit in business: 5k