A Ltd Co director has asked if he could take all of his earnings from his company in the form of a pension contribution? I.e no salary or dividends?
The business is profitable (i.e. the pension payment won't create a loss) and his full tax-free allowance is being used by his salary from full-time employment
Thanks
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Yes - although obviously you and he might want to consider if it’s a good idea to do so, considered all the circumstances including, for example, tax.
You changed your post. I was replying to this.
He'd be stupid not to take minimum salary in order to get ni credit for state pension...OK its less than 10k pa ..but it'll still pay the average accountants annual alcohol bill
Yep I didn't read it all ...I thought he had no other salary ..and I'm talking about pension and alcohol limits..
Presumably it is not exceeding the available annual allowance maximums, if lower than the salary level, or if made as employer contribution (and your client wishes to benefit from the deduction for corporation tax purposes).