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Pensions - Unused Allowances C/f - Taxation

BBOAZ3y ago
Hi, Please can you explain this question. I have tried working it out but am not been able to understand the answer. Thank you so much for your support Petula has been employed as a sales manager by Downtown plc since 6 April 2012. The following information is the summarised information available in respect of the tax year 2021/22: Note: Petula's adjusted income computed for the tax year 2021-22 exceeds £312,000 Each tax year since 6 April 2014 (including the tax year 2021–22), Downtown plc has contributed £25,000 to the company’s occupational pension scheme on Petula’s behalf. Petula has never personally made any pension contributions. Petula's adjusted income for 2018/19, 2019/20, and 2020/21 was below £150,000 (b) Advise Petula of the total amount of her unused pension annual allowances which are available to carry forward to the tax year 2022-23.
JJill3y ago#1
When you tried to answer the question - what answer did you come up with? I'm not going to show you the answer as it will be either in the back of the manual or the text book - which part did you not understand having tried it first?
BBOAZ3y ago#2
While calculating the unused allowances to be carried forward to 2022-23 I am getting 26000 but the answer in the back of the manual shows 24000 and an explanation is not given. So I have not understood the final answer.
JJill3y ago#3
Did the answer show you a calculation?
BBOAZ3y ago#4
Yes but the calculation seems confusing or some error
JJill3y ago#5
Let me see the answer please
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