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personal pension contribution

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › personal pension contribution

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarTax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 26, 2017 at 4:16 pm #388307
    Avatarsana101
    Member
    • Topics: 29
    • Replies: 8
    • ☆

    Jasmines employement income is 95000. She contributed 30400 in her personal pension scheme. She has not been a member of personal pension scheme before.

    Advise how much extra she can pay into her personal pension scheme without incurring annual allowance charge.
    1- £2000
    2- 40000
    3- 50000
    4- 1600
    could you pls help se solve this question becoz i am getting the answer as £9600. Which isnt even an option. Thank you

    May 27, 2017 at 6:58 am #388367
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    Personal pension contributions are paid net! You need to compute the gross figure before comparing with the AA limit for the year.

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