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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Personal pension
“If an employee in the UK contributes £2,000 (net) to their personal pension, and their employer contributes £7,000, how much will the employee’s income tax be reduced as a result of these contributions?
My question: only the employee gross contribution into PPC is deducted right? The employer contribution only in occ pension counts not in PPC right?
Only the employees dedcution is allowable against the employees tax.~The company will get a dedcution from the CT comp for what they contribute