Pensions – the annual allowance charge

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.

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February 19, 2019 at 9:09 pm #505797
201jgold
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Good evening,
I know excess pension contribution is taxed as extra income. But if there are savings income and/or dividend income as well as non savings income would the annual allowance charge come after all income has been dealt with or just after non savings income in the computation of income tax liability?
Many thanks
February 28, 2019 at 2:36 pm #506848
Tax Tutor
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The AA charge does not appear as income within the calculation of taxable income but shows as a tax calculation in the computation of tax liability – see OT notes
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