A client with self employed trading income of £27,000 and net rental income of £43,000 is considering making a personal pension one of contribution of £25,000 at this time and before March1.
Does this qualify in full for higher rate tax relief ?
Replies (4)
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Hi
Maybe - it depends on whether £25k is the net or gross contribution.
I'd recommend that you do the calculations yourself, as you'll then be able to explain it to the client.