- This topic has 2 replies, 3 voices, and was last updated 8 years ago by .
Viewing 3 posts - 1 through 3 (of 3 total)
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Pension Contributions in excess of Relevant Earnings
I apologize if this question has already been asked before, but I would like to know the tax treatment of Personal Contributions in EXCESS of the Relevant Earnings. Is it only the excess over the R.E that loses potential tax relief or the entire sum?
If pension contributions should be restricted to the higher of RE or 3600 of gross contributions, and only this one will attract tax relief. Any excess will not attract tax relief.
Assuming RE exceeds 3,600 it is only the excess that does not get tax relief