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paying pension and tax credits
guestman
Posts: 195 Forumite
ive just set my pension up at 7.5% with my employer , how does this work with tax credits? my overall take home pay is less, but with tax credits you enter you over all pay before any deductions. will my tax credits stay the same or go up slightly? 7.5% is around £160 every 4 weeks of my overall money before deductions.
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See https://www.litrg.org.uk/tax-guides/tax-basics/do-i-have-join-pension-scheme/do-you-know-how-tax-relief-your-pension under
How do pension contributions interact with tax credits and universal credit?
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