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May 11, 2023 at 9:05 pm
In illustration 3 can someone explain where the £312 adjusted net income comes from please? Should it not be 350-70=280?
July 3, 2023 at 8:39 am
Its not 312000. Answer says as the limit has exceeded 312000 i.e 240000-312000=72000×50%=36000(which is max deduction for allowance) So he will only get a relief of 4000
August 12, 2023 at 7:26 am
I don’t get it. Where is the 312000 figure coming from ? Isn’t the limit supposed to be 240000 ? Also where is the unsed AA of 4000 coming from ? Hasn’t it already been used ?
August 16, 2023 at 8:13 pm
It seems the adjusted net income for the calculation of Personal Allowance which you have done above is different from the adjusted net income for the calculation of Annual Allowance which is what was done in the illustration.
March 29, 2023 at 4:09 pm
on example 1 can you explain why is it we have the AA Of 40000 in 2022/2023 and also have an unused AA of (40000-25000)
May 29, 2023 at 3:28 pm
literally confused about the same thing
July 6, 2023 at 8:52 pm
Hi, I asked this in the AskTheTutor forum and it appears that the years given may be incorrect.
November 25, 2023 at 4:54 pm
I think in each year we have an AA of 40000 to claim. If we didn’t claim them in the same year, that will be b/f to next year. Like in 2021/22 the contributions made were only 30000 but we have 40000 and from that 10000 is remaining. likewise in the year the person has contributed only to a 25000 so he has another 15000 from the previous year
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