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Relevant UK earnings for pension contributions - can I include property income?
tg99
Posts: 1,310 Forumite
Hi
My understanding is that investment income such as share dividends and interest from bank accounts cannot be included in relevant UK earnings when working out the maximum I can contribute to my private pension scheme.
Can anyone advise if this is also the case regarding income from a buy to let property? For example, if I had gross rental income from the property of £20k and expenses/costs of £8k then would the net taxable income of £12k be allowable to include as relevant UK earnings for me to contribute into my pension scheme?
Thanks.
My understanding is that investment income such as share dividends and interest from bank accounts cannot be included in relevant UK earnings when working out the maximum I can contribute to my private pension scheme.
Can anyone advise if this is also the case regarding income from a buy to let property? For example, if I had gross rental income from the property of £20k and expenses/costs of £8k then would the net taxable income of £12k be allowable to include as relevant UK earnings for me to contribute into my pension scheme?
Thanks.
0
Comments
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No, rents are not "earnings".0
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No. Earned income for pensions is earned from the sweat of your brow. Not your portfolio or property empire.
which I stress every time someone ponders BTL instead of a pension as a pension grows tax free on both income and capital gains. Residential property is taxed every which way/0 -
Unless you are a director of your BTL company. Employer contributions are limited only by the annual £40,000 maximum, plus unused carry-forward from 3 years.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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