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Am I reading this right?
Comments
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As you rightly say, you do need to do a bit more thinking, can I suggest that you disregard this 2880 figure as a start point..I think you have got that in your head as a definitive amount
That is the figure that a non earner can pay in (me, next year) not a non tax payer like your partner
The figure you can work on is up to 8000 (gross) thats 6000 from her therefore boosting her savings by 2000
It doesn't have to be that figure, just allow fecomes or any other contributions to workplace pensions, and work out what you want to put in.
I hope I have been some help
£6,400 becomes £8,000 (£8k earned income multiplied by .8)
£2,880 becomes £3,600 (£3.6k multiplied by .8)0 -
Yes, sorry..my mistake 6400 as mentioned in earlier post. That is correctNo.79 save £12k in 2020. Total end May £11610
Annual target £240000
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