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Next Years Tax Relief for my SIPP?
Paul2624
Posts: 12 Forumite
As the basic rate of tax has changed to 20% how will that effect my contribution to my SIPP. Last year I paid £2,808 gross and got £792 tax back making a net contribution of £3,600. This year will the total amount still be £3,600? If so am I right in assuming that my gross contribution will have to increase by 2%?
Many Thanks
Paul
Many Thanks
Paul
0
Comments
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You will pay £2880 next tax year.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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