• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

TX-UK Notes – Pension Schemes – page 67 – Illustration 2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › TX-UK Notes – Pension Schemes – page 67 – Illustration 2

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 5, 2021 at 4:28 pm #616012
    katarinaxt
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    There is an example about Pension and tax computation. Don’t really understand why his trading profit, relevant earnings and adjusted net income are £350k? Thanks

    “Villa has a trading profit assessment for the 2020/21 tax year of £250,000 and made a contribution into a personal pension scheme during this year of £70,000 (gross). Villa joined the pension scheme in 2019/20 in which year he made gross personal pension contributions of £10,000 and had net income of £90,000 .
    Compute the annual allowance charge that will arise in 2020/21 and prepare an Income tax computation for Villa showing his Income Tax liability for the tax year”.

    April 13, 2021 at 11:25 am #617386
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Apologies for delay in reply and for the typing error in the first line of the example where the trading profit should have been given as £350,000 not £250.000. If of course you had watched the lecture you would have seen that this error was identified and the trading income figure adjusted to £350,000.
    You should use the lectures with the study notes

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • shazleen on ACCA AB Chapter 10 – Management – Questions
  • John Moffat on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • John Moffat on Linear Programming – Maximum contribution – ACCA Performance Management (PM)
  • d.kabulova on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • alin.sivi on Linear Programming – Maximum contribution – ACCA Performance Management (PM)

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy