Pension Contributions (Personal or Company?)

17th March 2017
As we near the end of the tax year one of the questions I get asked most is ‘How much can I pay into my pension?’ As a rule of thumb, and in order to receive full tax relief, the answer is 100% of your annual salary up to a maximum of £40,000. For those earning over £150,000 per annum the rules become much more complicated, so please call me for a chat. Personal contributions into pension qualify for Basic Rate Tax Relief at source and Higher Rate Tax Relief, via your Self-Assessment Tax ...