Hello,
I would appreciate a sanity check on pension contribtions.
My understanding is you can (generally) contribute up to £40k a year into your personal pension.
I also believe that "carry forward" lets you take advantage of any unused allowance from the previous three tax years. So that would be potentially up to £160k.
If I contributed £20k in Year 4 and Year 3 when I was employed at a company and then contributed £40k via my contracting limited company in Year 2 and Year 1 that would (in general) mean I could still make a personal contribution of another £40k and still get tax relief?
Just looking for a quick sanity check here - Thanks!
d
I would appreciate a sanity check on pension contribtions.
My understanding is you can (generally) contribute up to £40k a year into your personal pension.
I also believe that "carry forward" lets you take advantage of any unused allowance from the previous three tax years. So that would be potentially up to £160k.
If I contributed £20k in Year 4 and Year 3 when I was employed at a company and then contributed £40k via my contracting limited company in Year 2 and Year 1 that would (in general) mean I could still make a personal contribution of another £40k and still get tax relief?
Just looking for a quick sanity check here - Thanks!
d
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