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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chapter 9 Pensions Example 1
Hi,
The example
Aston made the following gross amount of contributions into his pension scheme in earlier tax years:
2021/22 £62,000
2022/23 £30,000
2023/24 £25,000
Aston has an annual salary of £120,000.
The answer in the lecture is
AA for 2324 40,000
Any unused 21/22 0
Any unused 22/23 10,000
Any unused 23/24 15,000
Total 65,000
Would the answer not be £50,000? As the AA for 23/24 would be £40,000 and the £10,000 b/fwd from 22/23. Wouldn’t the £15,000 for 23/24 be a double count?
you are right – sorry for the error
No need to apologise thank you for the lectures and notes they’re really helpful 🙂 Thanks for also replying
No worries – all the best with your exams