Why the basic tax band is not extended with the gross ammount of the personal pension contribution?
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TXOpentuition question 19 Renner
Irina,
You only extend the basic rate tax band when there is a PERSONAL pension contribution. In this instance it is an OCCUPATIONAL pension contribution, for that you deduct the amount from employment income in the Income Tax computation, that is how relief is obtained.
You only extend the basic rate tax band when there is a PERSONAL pension contribution. In this instance it is an OCCUPATIONAL pension contribution, for that you deduct the amount from employment income in the Income Tax computation, that is how relief is obtained.
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