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anyone started studying for dec exam?
I don’t these lectures interesting to the previous lectures posted, could you please help me out where can i find the previous lectures posted on this site, she is a lady who was teaching earlier.sorry for being straight as i expressing my opinion.
@ajaipatapati, kindly do more studies and rely only on the summary given that is more than enough….open the books and practice, he says more then what we need in exam.
Sorry for being straight
Hi, the basic rate band will be increased by 55,000 for as you say the gross contribution paid of 55,000 is within the max 100% of relevant earnings (60,000) so it will all be available for relief. However if their is no unused allowance b/f from previous 3 years then 55,000 does exceed the 50,000 annual allowance resulting in an annual allowance charge on the excess of 5,000. The 5,000 would be charged as other income on the taxpayer’s income tax computation. See illustration 2 on page 71 of course notes for further example. Hope this helps!
i need a clarification on how to compute occupational pension.
lets say B has relevant income of 60,000 and pension contribution of 55,000. From my knowledge, B can obtain a relief to a maximum tune of the 55,000; because thats the lower of the relevant income and pension contribution, subject to an annual allowance of 50,000 with occupational pension, it expands the tax band. In B’s case, the basic basic tax band will be (35,000+50,000).
i want to know whether i’m correct with this computation or the band will be extended by 55,000.
there is no sound on lectures
There is probably something wrong with your PC sound, ;
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