Can I pay into Personal Pension via payroll?

[askalot]

I started my personal pension while I was a sole trader but for the past year I've operated through a company I set up. I was paying the pension via payroll ( I am now PAYE) but my accountant has said that strictly speaking this should now be changed to a company pension but my pension provider says that is not true.

Who is right?

I am aware that a company pension may have some benefits but I would like to keep the personal pension as I may not need the comapany in a few years

 

[Guest126]

You can have personal pension while employed by company...but the company should not contribute to your personal pension.

I presume paying from your own salary (through payroll) to personal pension is okay with insurance provider that underwrites the pension?

 

[askalot]

I presume paying from your own salary (through payroll) to personal pension is okay with insurance provider that underwrites the pension?

Thanks for the reply CapitalCCC.

When I spoke to the adviser from the pension company he said that he was fairly sure it was OK. Is this what you mean by insurance provider?

 

[Guest126]

Hi Askalot - yes that is what I meant, most "pension companies" in the Irish market place are well known insurance companies so I tend to refer to them as that, sorry for my terminology!