Restriction to pension contributions
stevo5678
Registered Posts: 323
I have a client who's salary in the year is £20,000 and so is his personal pension contributions.
My system is restricting the tax relief to £20k in 2012/13 (equal to the gross salary). However last year the same system grossed up the £20k to £25k.
Saem box same system same figures, different tax relief.
Which is correct??
Thanks
My system is restricting the tax relief to £20k in 2012/13 (equal to the gross salary). However last year the same system grossed up the £20k to £25k.
Saem box same system same figures, different tax relief.
Which is correct??
Thanks
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