I contract as an FC for a company through my own company at the moment. My company doesn't have a PAYE scheme and I'm the only director/shareholder.My balance sheet is roughly Dr Cash £30k, Cr P&L reserves £30k (ignoring share capital £1) or similar at the moment. I just used to pay myself dividends as and when on top of salaries elsewhere which I got throughout the tax years.
My question is can I make a one off employer pension cont of £15k from the company without a PAYE scheme? I don't have pensionable earnings elsewhere this tax year (And not likely to) to even exceed the £2880 minimum contributions so the tax relief here would be from the corp tax saving rather the pension company obtaining the relief. £15K just seems excessive for such a simple enterprise so my alarm bells are ringing!