I act for a doctor who has paid superannuation on his partnership income at the employees and employer's rates. I'm fine with those being allowable for tax in box 3 on TR4. However I'm struggling to find anything that categorically says whether added years contributions can be claimed in the same way. It appears to be allowable per a few web pages, but they always mention employment, not self employment.
Can the added years be claimed? Am I being paranoid not accepting what I have seen as evidence I can claim it?
Many thanks all
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They are always allowable, but ....
.... there are quite a lot of doctors who were making these contributions who have stopped because they lead to them exceeding the annual contribution allowance of £50k.
Because the doctor's superann scheme is a form of final salary scheme there is an annual test to see whether the notional value of their pension pot has increased by more than the annual allowance. If he / she isn't already the doctor should be taking advice from a suitably experienced specialist IFA.