Higher or additional-rate taxpayers contributing to a “relief at source” pension This is the most common instance when people claim a tax rebate. If your workplace or personal pension uses the relief at source method, you’ll automatically get just basic-rate (20%) tax relief applied. This...
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 ...
By paying some excess company profits into a pension, you will reduce the company’s taxable profit, while also deferring tax on the income and avoiding the dreaded higher-rate. This could be quite useful if you are planning to retire in the next 10-15 years though, even if you’re a...