Hi.Can you tell me what the nature of your business will be please. What level of pre-expense income or turnover do you envisage the business will produce? When will your Church of England pension commence? How much will that be before tax annually?
I will be a clergy consultant working with groups of clergy and 1-1. This is a start-up venture and the income stream will take some time to get up to speed. I am aiming for an income of £30K by the end of next tax year.
My CofE pension can start any time from 65 and at current rates would be £9712 pa
I thought I'd asked a follow-up question but it doesn't seem to have registered. If a Ltd Co pays me £7500 + dividends, can it also pay into a pension fund and, if so, how much for a 60 year old like me?