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Pension contributions and tax credits
mummy_2_be
Posts: 38 Forumite
Hi There, I have posted this in the benefits forum as well, but I wonder if someone can help me, I have just started to look into pensions and am a little confused If I simply increase my contributions through my work pension, can the additional payments then be deducted when working out my income for tax credit purposes( I realise that my standard contributions are not eligible). Also if I decide to set up a separate private pension, will it matter to Tax Credits that I have 2? Thanks in advance
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Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1
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