Questions please:
1. As I have fully utilised my personal allowance for the current tax year (15/16) I have not, as yet, drawn any salary from my company as suggested by my accountant. A nominal salary has been paid to my co-director.
I was considering having the company pay money into my SIPP in this tax year but want to try and understand how much I could realistically transfer and how this might be viewed by HMRC if no salary has been taken? Do I have to draw salary to allow this to happen?
2. In addition I was also anticipating drawing a dividend prior to 6 April as well and wanted to know how this would sit with not drawing a salary and paying into the SIPP?
In essence I am wanting some guidance as to what value of salary (if necessary), pension payment and dividend could be acceptable in the circumstances?
Kind Regards
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BrianJR
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