Evening, does anyone know how tax relief would work in this example situation...
- higher rate tax payer
- full year of paye in 2008 but no pension, continuing to work in 2009 (hopefully!)
- start a pension this month (jan 2009) with monthly contributions
Am I right in thinking that I can make a lump sum payment against 2008 income and claim back 41% whilst the regular monthly contributions in 2009 also benefit from 41% relief?
TIA.
- higher rate tax payer
- full year of paye in 2008 but no pension, continuing to work in 2009 (hopefully!)
- start a pension this month (jan 2009) with monthly contributions
Am I right in thinking that I can make a lump sum payment against 2008 income and claim back 41% whilst the regular monthly contributions in 2009 also benefit from 41% relief?
TIA.