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 Hl Sipp Expression of Wish Form 2025

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hello everyone today's video is all about the differences between sips and sasses now what is a sip what is a sass well basically they are a form of pension and i'm going to talk about various tax breaks that are afforded to both of them and various options that are available why would you choose one over the other so first of all let's start with an example of a trading company so we've got a trading company husband and wife are the directors shareholders and they've done very well they've had a great year so and i've done separate videos on this about putting pension contributions from the limited company into a pension to save corporation tax now the annual amount that you can do is 40 000 pounds a year but if you haven't done the previous three years worth of 40 000 so long as at some point in the past you have an active pension scheme that's still open you can quadruple up in in the current year you could do the previous three lots of 40 grand p

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