If your workplace or personal pension uses the relief at source method, you’ll automatically get just basic-rate (20%) tax relief applied. This means that if you pay tax at a higher rate, you’ll need to claim back the extra. This applies to: Higher (40%) and additional-rate (...
Byline: Colm RappleQ I've been making additional voluntary contributions to the company pension scheme. Can I put in some money now and backclaim the tax relief against last year's income? I'm a PAYE worker. What are the limits to the tax relief I can claim?A Yes, tax relief on ...
Pension contributions Contributions to your pension are not a business expense, so they don’t affect your self-employed profits. However, you are eligible for tax relief on any contributions you make, which you can claim on your tax return. ...
The first E10,160 of any additional lump sum is also tax free plus E765 for each full year of service. That exemption is reduced to take account of any tax-free lump sum payable from a pension fund.There is an alternative method of calculating the amount of a redundancy lump sum that ...