Tax Return
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When doing a tax return in the exam do you assume that the contribution to occupational pension has been deducted from the salary? Or will this depend on the wording of the question? In the paper at christmas 06 it looks like you just assume that fig has already been deducted but not sure how the wording of the question would imply this??
Also if you make a personal contribution to a pension fund am I right in thinking this extends the basic rate band (can this be carried over to extend the basic rate band of capital gains, or can it only be applied to income from work and rental income?)
Does the personal contribution to a private pension plan go on the tax return anywhere?
Also if you make a personal contribution to a pension fund am I right in thinking this extends the basic rate band (can this be carried over to extend the basic rate band of capital gains, or can it only be applied to income from work and rental income?)
Does the personal contribution to a private pension plan go on the tax return anywhere?
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Re:Tax Return
The forum problems at the moment mean that some posts can go unanswered and some can't. I know you have posted a separate thread asking if anyone can answer your question - the people that can have probably not seen it.
In answer to your question, I would speak to your tutor about question interpretation.
Contributions to private pensions do increase the basic rate band.
Hope this help you.
Kind regards
Steve0