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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 supportPetula 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 £312,000Each 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.
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?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.
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