My doubt is how we calculate unused annual allowance For example if for previous tax year Maximum annual amount 3600 Total gross contribution 35000 Now what will be the unused annual allowance carried forward 1) 40000-3600=36400 OR 2) 40000-35000=5000???
Also another question SEPARATE SITUATION If relvant earnings are 50000 And gross contribution is 55000 On what amount will be the annual allowance charge 1) 50000-40000= 10000 OR 2) 55000-40000= 5000???