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(
rob, Sun 1 Apr 2001, 1:00)
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personal allowance is withdrawn at 50p in the pound once income is 100k.You can regain it, and enjoy effective tax relief of 60% by making personal contributions to a pension scheme.
Pension contributions extend the basic and higher rate thresholds by the amount of the gross contribution.
(, Thu 29 Jan 2015, 13:46, 1 reply, 10 years ago)
Tax office have said 115k and make no mention of offsetting against company pension contributionsshould it be queried?
(, Thu 29 Jan 2015, 13:48, Reply)
only personal contributions, not employer conts.120k means no personal allowance.
(, Thu 29 Jan 2015, 13:55, Reply)
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