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Tax relief

elbyrneo · 2021-11-05 10:12:25

Hi there Setting the aside the max 115k annual amount of earnings for which tax relief is given, i understand someone in the 40-49 bracket can get tax relief at the marginal (highest) tax rate of 25% of earnings. I'm assuming this is inclusive of the employer contribution - so for instance in a scheme with a 13% employer…

05-11-2021 11:12am

#1

elbyrneo

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Hi there
Setting the aside the max 115k annual amount of earnings for which tax relief is given, i understand someone in the 40-49 bracket can get tax relief at the marginal (highest) tax rate of 25% of earnings.
I'm assuming this is inclusive of the employer contribution - so for instance in a scheme with a 13% employer contribution, an employee would not receive tax relief on any AVCs / lump sum payments if those exceeded 12% of earnings?
Just wanted to treble check!

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#2 05-11-2021 7:45pm

The J Stands for Jay

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Join Date: November 2009

Posts: 5699

Assuming it's an occupational pension, the employer's contribution doesn't count towards the limit

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