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Extra pension contributions in year of retirement
Comments
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No, there are two separate limits with different rules. The one which was discussed first in this thread and is what your quoted paragraph was about relates to earned income. The other which was discussed most recently is £40K. The maximum you can put into your pensions in a year is the lower of the two limits.eyeonretirement wrote: »So "The key difference was that the OP was failing to make all the pension contribution he/she could have made as he/she was including the employer's £550 against the relevent earnings limit."
was incorrect?0 -
I understand the two limits and the lower of the two being the one to use. It was if employer contributions ie salary sacrifice count towards that limit?0
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eyeonretirement wrote: »I understand the two limits and the lower of the two being the one to use. It was if employer contributions ie salary sacrifice count towards that limit?
Employer contributions count towards the £40K limit but not the earned income limit.0
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