Sparky1972
Registered User
- Messages
- 32
Just looking for some clarity.
I am 47 and paying into a Company pension scheme where employer contributes 12% to a DC scheme. I am thinking of increasing my employee contribution to 20%. My question, is the employer contribution of 12% included in the Tax relief limit of 25% for my age, i.e it would only make sense for me to contribute 13% max, or is the 25% relief limit solely for the Employee contribution.
Appreciate any guidance.
I am 47 and paying into a Company pension scheme where employer contributes 12% to a DC scheme. I am thinking of increasing my employee contribution to 20%. My question, is the employer contribution of 12% included in the Tax relief limit of 25% for my age, i.e it would only make sense for me to contribute 13% max, or is the 25% relief limit solely for the Employee contribution.
Appreciate any guidance.