Tax Insider Tip: Relief For Pension Contributions: How Does It Work?
There is no limit on the amount that an individual can contribute to a pension scheme each year. However, there is a cap on the amount of tax-relieved contributions that can be made to a registered pension scheme each year. That cap is provided by the annual allowance. Contributions are also limited by an individual’s earnings.
In October's issue of Business Tax Insider, Sarah Bradford outlines how to make the most of the pensions annual allowance to receive tax relief on pension contributions.
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