Am a teacher considering options for my own prsa. Firstly I need to know what deductions from my paycheck count towards my pension contribution tax relief limit?
Obviously my grouped pension and widows and orphans. Pretty sure my pension related deductions do too? What about salary protection?
I'm 37 so current max rate is 20%
Grouped & widows and orphans is 5.3%
When pension related deductions included total is 12.7%
Total including salary protection is 13.8%
No current avc
So in short my question is what percentage may I now contribute to maximise tax relief?
(P's I'm going to set up my own prsa not cornet! )
Thanks in advance
Obviously my grouped pension and widows and orphans. Pretty sure my pension related deductions do too? What about salary protection?
I'm 37 so current max rate is 20%
Grouped & widows and orphans is 5.3%
When pension related deductions included total is 12.7%
Total including salary protection is 13.8%
No current avc
So in short my question is what percentage may I now contribute to maximise tax relief?
(P's I'm going to set up my own prsa not cornet! )
Thanks in advance