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    • peppapig14
    • By peppapig14 12th Mar 18, 7:41 AM
    • 22Posts
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    peppapig14
    Tax credit and pension contributions
    • #1
    • 12th Mar 18, 7:41 AM
    Tax credit and pension contributions 12th Mar 18 at 7:41 AM
    I currently only claim tax credits, I pay 23 per month for my company pension. I now have the option of paying an additional 38 per month and my company will make matched contributions.
    I have entered the revised amount of pension contributions ( 61 instead of 23 ) onto the tax credit calculater expecting my estimated tax credit amount to decrease, however it increases- is this correct?
Page 1
    • sheramber
    • By sheramber 12th Mar 18, 12:33 PM
    • 4,670 Posts
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    sheramber
    • #2
    • 12th Mar 18, 12:33 PM
    • #2
    • 12th Mar 18, 12:33 PM
    If you pay 38 more pension payments then your net income is ls 38 less, so your tax credit increases
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