Pension - Taxable Income Rules ??

livethedream

Could somebody answer a very basic question for me please -

Do taxable capital gains qualify as taxable income in terms of the annual contribution limit for pension contributions ?

As an example :-

A higher rate tax payer with a salary of £40k with a capital gain recieved in the year of £50k.

Is the upper pension contribution limit for the year £40k or £90k ?

I think the answer is £40k but could anyone verify this for me please.

Thanks in advance.

cheerfulcat

Do taxable capital gains qualify as taxable income in terms of the annual contribution limit for pension contributions ?

No. Only income from employment counts.

livethedream

Thanks cheerfulcat