F6 Taxation (Annual allowance)

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
February 21, 2021 at 7:18 am #611140
sam92k
Participant
- Topics: 2
- Replies: 1
Hello there everyone,
A question on Annual allowances.
Does the Annual Allowances of 40,000 get used up by both the employer and employee contributions?
Also there are 2 types of pension contributions:
1. Occupational:
Does the Annual allowances get used up by both the employer and employee contributions?
2. Personal pension:
Same question here, does the AA get used up by both the employer and employee contributions?
A massive thank you for your help!
🙂
February 24, 2021 at 1:41 pm #611549
Tax Tutor
Member
- Topics: 2
- Replies: 3965
1.Yes – employer contributions as well as employee contributions count towards the AA – we look at the “total pension input”
2. There are 2 types of pension scheme as you state and both employer and employee contributions count towards the AA as stated above
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.