Chapter 9 Pension Schemes TX-UK FA2023
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TO WHOEVER IS REFFERING TO THESE LECTURES FOR FA24(POST MARCH25 ATTEMPT), THE ALLOWANCE HAVE BEEN INCREASED TO E 60,000 DOLLARS FOR 23-24 AND 24/25 TAX YEAR
ALSO THE LIFETIME ALLOWANCE IS REMOVED
POUNDS*
Example 1,
Need clarifications where she adds another 40k on top of the remaining 15K (40k-25k) remaining for 2023/24.
I think she didn’t ” Check the dates” 馃檪
Example 1 allowed 10+40-25=25 (or 10+15= 25)
Hi,
For Example one not illustration .
Thanks
Hi
For illustration shouldn’t we add (10000+15000)=25000 and not add to 40000 since in 23/24 we have remaining of 15000 so how add again the 40000 of 23/24 and it has already been partly used.
Thanks,
any update?
I noticed that too. Think she made a mistake.
Hi,
I think the 40,000 was added because this is the amount he is entitled to in 2023/24 and the remaining 15,000 is the unused allowance. Not sure if this is correct though.
After reading through the previous illustrations, I think she did it incorrectly and it is supposed to be 25,000. Can anyone else confirm?