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(
rob, Sun 1 Apr 2001, 1:00)
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yerStarts incurring additional tax charge at 50k, completely obliterated by the tax charge at 60k.
Easy enough to avoid the extra tax charge innit.
(, Thu 6 Feb 2014, 10:39, 1 reply, 11 years ago)
Transfer it to the other parent?(
sporters I’m sincerely gratitude to you, Thu 6 Feb 2014, 10:43,
Reply)
no, because the additional tax charge is levied on the parent earning over 50k and is non transferable(, Thu 6 Feb 2014, 10:44, Reply)
I haven't got a fucking clue(
sporters I’m sincerely gratitude to you, Thu 6 Feb 2014, 10:49,
Reply)
duhMake a gross pension contribution to bring net relevant earnings under the threshold. You also benefit from the increased tax relief.
You thick cunt.
(, Thu 6 Feb 2014, 10:51, Reply)
Its easier to earn less than 50k(
sporters I’m sincerely gratitude to you, Thu 6 Feb 2014, 10:52,
Reply)
plus, pension contributions extend your personal allowance by the gross amount so it's a lower personal income tax liability innit me funky nigga(, Thu 6 Feb 2014, 10:55, Reply)
You still end up with less money in your pocket thoughso you're not actually avoiding it.
(, Thu 6 Feb 2014, 11:06, Reply)
well, yeah, but it's in a pocket you can access at 55, which is better than giving it to the taxmanSwings and roundabouts eh.
(, Thu 6 Feb 2014, 11:07, Reply)
also, it's the gross contribution which is taken into account, not the net one, so you're a bit better off(, Thu 6 Feb 2014, 11:12, Reply)
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