- This topic has 0 replies, 1 voice, and was last updated 3 years ago by
.
Viewing 1 post (of 1 total)
- Posts
Personal pension contributions are made net of basic rate tax, so there will be a saving of 4000 (20000 at 20%) compared to making a gross contribution to a company pension scheme. This is because Kioni will only need to make a net contribution of 16000 to a personal pension scheme. The saving will cancel out the increased income tax liability of 4000 (34982 – 30982)
What does the above statement mean
I am finding it difficult to understand what does the above statement means. How to increase my understanding ability
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.