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pension scheme

Forums › ACCA Forums › ACCA TX Taxation Forums › pension scheme

  • This topic has 5 replies, 3 voices, and was last updated 1 year ago by Avatarmrjonbain.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • June 23, 2024 at 10:04 am #707548
    Avatarpoojam
    Participant
    • Topics: 3
    • Replies: 0
    • ☆

    For illustration 1,shouldn’t we add (10000+15000)=25000 and not add to 40000 since in 23/24 we have remaining of 15000 so how can we add again the 40000 of 23/24 if it has already been partly used.

    June 23, 2024 at 10:57 am #707550
    Avatarmrjonbain
    Moderator
    • Topics: 6
    • Replies: 2601
    • ☆☆☆☆☆

    Welcome to the Opentuition forums. Can you confirm the question to which you are referring?

    June 25, 2024 at 7:37 pm #707606
    AvatarAWILDONELINCS
    Participant
    • Topics: 9
    • Replies: 4
    • ☆

    Its Chapter 9, Example 1 as I too was a little confused that £40k had been written first, yet later, £15k was C/f for the same tax year so should the amount of total pension input allowed have been £10k plus £15k = £25k in total and not the £65k as advised?

    June 26, 2024 at 9:05 am #707610
    Avatarmrjonbain
    Moderator
    • Topics: 6
    • Replies: 2601
    • ☆☆☆☆☆

    My guess would be that the question was intended to be written with amounts starting in tax year 20/21.

    June 26, 2024 at 9:30 am #707612
    Avatarmrjonbain
    Moderator
    • Topics: 6
    • Replies: 2601
    • ☆☆☆☆☆

    That way the previous three tax years would be taken into consideration with the current (in terms of the question) year of 2023/24.

    June 26, 2024 at 9:31 am #707613
    Avatarmrjonbain
    Moderator
    • Topics: 6
    • Replies: 2601
    • ☆☆☆☆☆

    I would agree with your answer given the way the question is written.

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