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max pension contribution( acca practise hub)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › max pension contribution( acca practise hub)

  • This topic has 1 reply, 2 voices, and was last updated 3 weeks ago by AmandaP.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 2, 2026 at 2:58 am #724942
    Haarip
    Participant
    • Topics: 39
    • Replies: 39
    • ☆☆

    Mobias will make an additional personal pension contribution for the tax year 2024-25, having already made contributions of £10,000 during this tax year. He has been self-employed since 6 April 2022, and has been a member of a personal pension scheme from the tax year 2023-24 onwards. Mobias’ trading profits and gross personal pension contributions since he commenced self-employment have been as follows:
    Trading profit Pension contribution
    Tax year £ £
    2022-23 42,000 0
    2023-24 53,000 46,000
    2024-25 78,000 30,000

    here i did it this way:
    cont unused
    23-24 46000 14000
    24-25 30000 30000

    so thought the max of still 44000 could be made

    but in solution they said theres no max limit

    could u just once explain how to do this coz im honslty facing a problem with pension contribution qtns

    March 2, 2026 at 10:40 am #724964
    AmandaP
    Moderator
    • Topics: 1
    • Replies: 181
    • ☆☆

    There is no maximum amount on how much can be put into a pension scheme, but there is a maximum amount on which tax relief is given.

    From the information that you’ve provided, the maximum amount on which tax relief can be given in 2024/25 is the £44,000 that you’ve calculated.

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