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Newbie confused by the basics!
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findingmyownway wrote: »definatley not, why?
If they were then it would be worth taking the pension because you will be getting money from your employer that you wouldn't get otherwise.
JamesD - i didn't follow that tax bit. So if i was earning £32K (i think thats the cut off for 40% tax) i'd have to claim something back? I will prob go over that threshold next March.
You need to be earning about £40,500* to be a higher rate tax payer. Remember you have a tax allowance of approx £5,225 before you pay any income tax on your money.
*Estimate as I can't be bothered to look for the exact figure.
I'm not cynical I'm realistic
(If a link I give opens pop ups I won't know I don't use windows)0
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