If the employer is providing a good pension already (e.g. 2/3rds final salary, index-linked plus spouse benefits), adding 20% of your own as well could easily lead to overfunding.How can you overfund a pension if you are allowed to put in 20% per year of your gross earning?
How can you overfund a pension if you are allowed to put in 20% per year of your gross earning?
If the employer is providing a good pension already (e.g. 2/3rds final salary, index-linked plus spouse benefits), adding 20% of your own as well could easily lead to overfunding.
Not sure if this is correct so stand corrected but doesn't Pay on the P60 mean the amount liable to tax. If it does then you have to add your contributions to the P60 figure to get your gross pay so the calc is (63528+3934.74)/5 - 3934.74
If I contribute the larger amount and it's too much does the differrence carry forward to 2007 tax year?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?