Just acquired a new client and am preparing his 2011/12 SA tax return.
For 2011/12 he has made pension contributions of £120k net (£150k) gross. This is a new pension and he tells me he has no previous pensions. IFA advised him he could use £100k unused allowances b/f. I have looked into this and am struggling to see how he can get relief on the unused b/f allowances of £100k. Any help would be appreciated.If this helps many years ago he did work for a company for three month only, employer started to contribute to a scheme but took the contributions back and scheme was closed.