Share this content
3

IFA Fees for Employer Pension contribution

IFA Fees for Employer Pension contribution

Didn't find your answer?

IFA is arranging employer contribution for director into his pension paid by his Limited Company of which he is the only employee. Contribution will be £30,000 and the IFA will be charging a sizable fee for the advice which the director will pay from the company. Just wondering if there will be any issues claiming tax relief on the fee through the limited company as the contribution is a payment to the directors personal pension and could be seen as advice for the director personally and not the limited company.

Replies (3)

Please login or register to join the discussion.

Hallerud at Easter
By DJKL
16th May 2017 14:22

What is the IFA advising on, the company making the contribution (and allowability/tax treatment) or the investment of the funds once received within the pension plan?

Thanks (0)
avatar
By Avant-Garde54
16th May 2017 14:33

He would be advising on both.

Thanks (0)
Replying to Avant-Garde54:
Hallerud at Easter
By DJKL
16th May 2017 14:54

Well, insofar as the IFA's fees relate to the company making the contribution I see little issue, I believe it may claim same ; if the contribution is allowable the fee to enable/facilitate the contribution ought to be allowable.

Insofar as the fees relate to the director's investment choices they are surely his cost not those of the company.

Get the IFA to split his fee between his two clients, the company and the director.

Thanks (0)
Share this content

Related posts