Personal TAX 2012 PTX question on pensions
tanyamarie
Registered Posts: 5 Regular contributor ⭐
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
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
0
Comments
-
What question are you trying to answer?
Total nett contribution?
Total Gross Contibutions.
Income tax liability?0 -
Income tax liability for 2011/2012. Thanks
0
