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What benefits would my friends daughter get.
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Surely that is incorrect and should say lower.kaMelo said:
To expand on the link @poppy12345 gave;ElwoodBlues said:
Isn't that just for tax relief on it? I think you can still pay in up to the 40k annual allowance, just not reclaim tax on the amount beyond 2880?
The maximum you can pay into a pension in any tax year is either your annual earnings or £40,000, whichever is higher.Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.1 -
Brain fade moment,, it should of course say lower. Edited to correct my mistake.
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