Personal TAX 2012 PTX question on pensions

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tanyamarie
tanyamarie Registered Posts: 5 Regular contributor ⭐
in General discussion
Ive had this question,and wondered if someone could see if i have answered correctly or where i have gone wrong. :001_smile:
39 year old, £69,500.
Pays 5% salary occupational pension
pays £180 per month into private pension
employer contributed 7% of salary into pension

i wrote

69500
-3475
66,025
-7475
58550 +225=58775


225 x 20%= £45
35,000 x 20%= 7000
23550 x 40% = 9420



total tax 16465

Comments

  • Ventra
    Ventra Registered Posts: 14 Regular contributor ⭐
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    What question are you trying to answer?

    Total nett contribution?

    Total Gross Contibutions.

    Income tax liability?
  • tanyamarie
    tanyamarie Registered Posts: 5 Regular contributor ⭐
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    Income tax liability for 2011/2012. Thanks :)

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