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Earning less than PA - Tax rebate on pension contributions?
mayoumba
Posts: 12 Forumite
Hi,
If you earn below the personal allowance, and therefore don't pay income tax, do you get a 'tax rebate' on contributions into a SIPP.
I can't find information on this scenario.
If you are not earning you can pay in £2880 and get a 'tax rebate' to take it up to £3600, but can't find anything on if you are a low earner.
Thanks in advance.
If you earn below the personal allowance, and therefore don't pay income tax, do you get a 'tax rebate' on contributions into a SIPP.
I can't find information on this scenario.
If you are not earning you can pay in £2880 and get a 'tax rebate' to take it up to £3600, but can't find anything on if you are a low earner.
Thanks in advance.
0
Comments
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yes you can get tax releif up to your earnings even if you pay no tax.
Say you earn 9K PA. You can pay 7200 into your pension and the govt will boost it to 9K with TR.0 -
0
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I think I'm about to give Mrs PW £8,000 of my savings.0 -
Thanks all.
[Apologies for not finding the existing thread:embarasse]0 -
no worries.
If you hav further Q's just ask0
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