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employee’s contrn into occ. pension=12000
employer’s contrn into personal(or occupational shouldn’t matter) pension=20000
taxable employment income=160000Annual allowance= 19000(high income individual)
will there be an annual allowance charge on amount of 12000+20000-19000=13000?
or no annual allowance charge as employee gross contrn(12000) less than maximum available annual allowance(19000)?Any help would be much appreciated!
I think there will be an annual allowance charge. But please somebody confirm that!
And also if you could mention whether employer’s contrns into an individual’s personal pension scheme lead to the individual’s Basic rate band getting extended?
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