Rental Income and Pension Relief

P

Paulo

Guest
I havent been able to find a answer on this on other threads and hence my 1st posting.

I am a PAYE worker and also receive rental income.
Does anybody know if my Rental Income be used as part of the 20% (I am in the 30-39 age bracket) Pension tax exemption or does the 20% apply to PAYE earnings only ??

Also thanks for all the info people are sharing.

Paulo
 
Rental income is deemed "unearned income" (Schedule D, Case5) and thus is not pensionable. The 20% limit based on your age is applicable to PAYE (Schedule E) income only.

Conan
 
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