- This topic has 1 reply, 2 voices, and was last updated 7 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
Hello,
Basil is employed. During the tax year 2018/19 Basil had a taxable income of £160,000 which was all employment income. Basil made contributions of £50,000(gross) into a personal pension scheme during the tax year 2018/19. This was the first year that he had been a member of a pension scheme. In the future, his employer may contribute to Basil’s personal pension scheme.
-What is Basil’s annual allowance charge for the tax year 2018/19?
1. Could you just explain what does annual allowance charge mean?
– The answer is £6000. Without having an understanding of annual allowance charge, I am unable to obtain the answer.Thanks.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.