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Tax on pension contributions

This topic has 2 replies, 2 voices, and was last updated 1 year ago by JillyB.

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February 20, 2023 at 6:57 pm #679289
marziabegum
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Hi, if an individual contributes below their relevant earnings but their pension contribution for the year exceeds their annual allowance. How is this calculated please? Thanks.
February 20, 2023 at 6:59 pm #679290
marziabegum
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Some answers are calculating the pension contribution as 20% tax but others are taking the top slice of their tax.
February 22, 2023 at 2:22 pm #679396
JillyB
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Read the relevant chapter and watch the recording – that will tell you the answer to your question
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