Dear AWeb friends,
Long time. Hope everyone is well?
Please help me! I’ve got a new client I’m doing bookkeeping for and they’ve got a pension fund I only discovered when a VAT late filing letter was brought to me.
This fund is held away from the business accounts and owned and run by the Directors and family with some selected trustees.
The pension fund is VAT registered and not received any income yet from 2 properties it purchased last year for rental income (both opted to Tax). Only 1 invoice from pension administration company. The company gives pension funds a lump sum payment once a year at y/e.
Can I set this up in Sage (like a new company) and then record Sales purchases, vat returns etc?
Is there software specifically for pension funds?
Where can I also get good information aside HMRC guidance on sled administered pension funds?
Thanking you guys in advance for every single input into my present dilemma.