We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

loss of personal allowance above £100k

highet
highet Posts: 353 Forumite
Part of the Furniture 100 Posts Combo Breaker
if my taxable pay for 2013-14 was £109440 and personal allowance of £9440 reduced this to £100k would i still have full personal allowance or would i lose £4770 of it for being £9440 over threshold before deductions? ie is the £100k threshold before or after application of allowances such as personal allowance/deductible expenses/pension contributions etc
thanks

Comments

  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    edited 3 April 2014 at 3:53PM
    Have a play around with this, it should give you your answer:

    http://listentotaxman.com/

    If you want to avoid it there is always the opportunity (a very short one) to move money into a pension to bring down your taxable pay, given the marginal rate can be so punitive here.

    Edit: it looks like at that level you lose £4,770 of your personal allowance.

    Edit 2: I see you have already posted this question on the pension board so had already considered my suggestion: https://forums.moneysavingexpert.com/discussion/4937964
    Thinking critically since 1996....
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.