Contractor Among Contractors
Contractor Among Contractors
In order to use unused allowance from previous years, you do actually have to have had a pension scheme then, even if you didn't contribute to it.
Good point!
You must also earn as much as you wish to contribute during that year.
For example - say I had unused allowances for £25,000 from the past 3 years plus my £50,000 allowance this year, I could make a contribution of £125,000 to my pension - however I must earn at least £125,000 this year in order to do this. My earnings from the previous 3 years would not count towards this.
Craig
Nervous Newbie
Sounds like company contributions are the way to go, ta.