Pension 40% Tax Relief Question PLEASE

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simonleblank wrote: »

If I pay the £1920 into my Pension, then I should not pay 40% tax on either my earnings or Pension, is this correct?

if you contribute an extra 1920 (i.e. in addition to the 3,000) then you would receive tax relief at 40% so in effect you only pay 1152 for the pension benefit of 1920.
However your company may or may not allow this.

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lisyloo wrote: »

There used to be limits depending on age but I think that all disappeared with A-day, perhaps someone else can confirm.

For most people there are practical limits, so it doesn't make a huge diffeernce.

this is quite correct... subject to certain lifetime contributions limits, you can in fact contribute your entire salary to a pension scheme although its unlikely that an employer will allow this.