If your income is more than £150,000 have you considered the impact of additional tax relief on your pension contributions?
Tip: Individuals with income in excess of £150,000 can claim a further 25% tax relief on pension contributions in addition to the 20% reclaimed by the pension provider, subject to meeting certain limits. Higher rate tax payers can still reclaim 20%.
If you would like to arrange a free meeting with a Liverpool accountant to discuss tax relief on your pension, either at our office or at your premises, please contact us on 0151 724 3960 or by email at [email protected].
Alternatively, you can use our website contact form.
For tax tips and ideas to boost your profits, please sign up for our email updates.
Added by Jon Davies