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Pension Contribution Limit
TaxH8Ter
Posts: 19 Forumite
Hello
The £40,000 per year limit on pension contributions..... is this including or excluding employer contributions? I can't find a clear answer on the .gov website.
Many thanks.
The £40,000 per year limit on pension contributions..... is this including or excluding employer contributions? I can't find a clear answer on the .gov website.
Many thanks.
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Comments
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It includes."No likey no need to hit thanks button!":pHowever its always nice to be thanked if you feel mine and other people's posts here offer great advice:D So hit the button if you likey:rotfl:0
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Tax on your private pension contributions: Annual allowance - GOV.UK (www.gov.uk)Seems pretty clear to me.
What counts towards the annual allowance
Your annual allowance applies to all of your private pensions, if you have more than one. This includes:- the total amount paid in to a defined contribution scheme in a tax year by you or anyone else (for example, your employer)
- any increase in a defined benefit scheme in a tax year
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and tax relief as well.Simon11 said:It includes.1 -
The £40,000 is the standard combined total gross limit - for a DC scheme - simply the gross combined contribution - until you start lifting taxable cash from any DC scheme.If you are worried about hitting it - knowing now that it is gross and includes employers - then check to see if carry forward an optionSee e.g.
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