Added years superannuation

Added years superannuation

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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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By Manwithnoname
12th Dec 2013 05:32

Smashing
Good to know, now all I need to do is convince my boss! Are there circumstances where it wouldn't be allowable, or is it just always allowable?

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By MBK
12th Dec 2013 12:39

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.

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