We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Personal pension plan query, re: Gov top ups
DarrenLee02
Posts: 89 Forumite
Simple question really, I think. I've just set up a personal pension plan with Vanguard, putting in £100 a month, and I see it is topped up to £125 by the government. Question is, if I add extra funds on occassion, are those topped up too? Or just my arranged DD contributions? I'm aware it's topped up by the government up to £3600 or so per year in my case.
0
Comments
-
The pension provider claims the 'top up' on your behalf in respect of all personal contributions you make. It's for you to ensure that your contributions (including the tax top up) do not exceed the higher of £3,600 or your earned income during the year.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1
-
Yes, it doesn't matter if it is a direct debit or ad-hoc contribution, you will get the basic rate tax relief added.
You just need to make sure the gross contribution is within your contribution limit.1 -
I see, thanks for that.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards