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[hotpinkgeraniums]

I have a limited company I’m a director and shareholder and so classed as an employee I think. It’s a property let so not my full time job. I withdrew £5k in February but didn’t think it through in terms of tax (daft, I know). It’s in my personal current acct but can I put it into my pension pot now and it be classed as an employers pension contribution? I’m guessing not but thought I’d check! It can’t be a dividend cos we’ve made a loss this year. Otherwise I think it’ll have to be income but I think I’m below NI levels. TIA

I'm confused by this. How has the payment been reflected in the company accounts? Was it as a salary to you? If so then it should have been processed as PAYE and income tax plus NI deducted if appropriate.

If it was paid directly to you then it can't be classed as an employers pension contribution, these need to be paid by the company directly into a pension scheme. Also it would appear this was last tax year so you have probably missed the boat for any tax relief

Agree completely with PP

Thank you, that’s kind of what I thought just wanted to check!

Can you account for it as a director's loan?