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Do pension contributions lower income for Pnl Contribution calc?
stuart321
Posts: 13 Forumite
For personal allowance calculation is taxable income considered net of pension contributions? EG If you have taxable income of £150k in 12/13 but make contributions into a personal pension of £50k do you get the personal allowance of £8105 because taxable income has been reduced to £100k. Many Thanks in advance for any pointers to the HMRC guidance. Stuart
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Great - thanks I'd missed the notes on adjusted net income!0
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The term "make hay while the sun shines" springs to mind with the Autumn Budget Statement looming.0
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