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77% tax relief on pension contributions

dunstonh · 2004-07-13 17:20:56

It is possible to get 77% tax relief for pension contribution for certain people. If you are in this position, for every extra £1 of taxable income you earn you could have to pay 40p in tax and lose 37p in tax credits. However, the opposite is also true: for every £1 by which you reduce your taxable income, you could save…

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patjosek Posts: 3 Newbie

7 February 2012 at 11:06AM

How is the working tax credit calculated if I joined a pension scheme at the end of the tax year 11/12, so my P60 will show a couple of months of the contributions only. Will I have to wait a year for next P60, therefore be underpaid, or is there a way to make them acknowledge the fact?

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77% tax relief on pension contributions

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