Forums › ACCA Forums › ACCA TX Taxation Forums › pension scheme
- This topic has 5 replies, 3 voices, and was last updated 2 months ago by
mrjonbain.
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- June 23, 2024 at 10:04 am #707548
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 #707550Welcome to the Opentuition forums. Can you confirm the question to which you are referring?
June 25, 2024 at 7:37 pm #707606Its 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 #707610My 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 #707612That 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 #707613I would agree with your answer given the way the question is written.
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