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Is a pension bought with ones own money taxable

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  • alankearn
    alankearn Posts: 129 Forumite
    Part of the Furniture 10 Posts
    Thanks to you all for your helpful replies


    AK
  • AlanP_2
    AlanP_2 Posts: 3,561 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    And the Personal Allowance is going up to £12,500 from April 2019 which I suspect is a much bigger increase than your pension income will go up so it's getting closer to the point where having all 3 pensions could still be within the Personal Allowance.

    Of course the PA might be held at £12,500 going forward but it does usually increase each year.

    I think the Budget linked it & higher rate starting point to inflation going forwards - CPI I assume but don't know specific details.
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