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Extra payment into pension
swifty_2
Posts: 57 Forumite
What are the rules covering a cash payment, used to to top up pension. Is it topped up by the tax man etc.
Thank you.
Thank you.
0
Comments
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basic rate tax is handled with the payment. i.e. you pay £50 and the contribution is grossed up to £64.10. Higher rate tax payers claim the difference via the tax return (or payslip if via employer).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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