The Pension Annual Allowance – and overfunding

General rule  For pension contributions, there is an Annual Allowance (of £40,000 for 2018/19) which is the maximum one can pay into a pension scheme in a tax year.  If you (or your employer) don’t use all of the Annual Allowance, then you can carry forward...

Tax Relief on Pensions Explained

There are a few issues that we regularly see around the subject of tax on pensions:  Employees earning over £46,350 (the Higher Rate Tax threshold for 2018/19), sometimes think they will automatically obtain tax relief on their contributions when they pay into a...