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Pension contribution age thresholds

Shedite27 · 2022-04-21 19:51:52

If my employer matches my contribution, does that factor into my Age limit Threshold for contributions? I'm currently in the 30-39 age bracket, so 20% limit applies. I currently contribute 10%, employer also contributes 10%, if I upped it to 12% and it's doubled to 24% by the employer, does that take me above the tax free…

21-04-2022 8:51pm

#1

Shedite27

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If my employer matches my contribution, does that factor into my Age limit Threshold for contributions?

I'm currently in the 30-39 age bracket, so 20% limit applies. I currently contribute 10%, employer also contributes 10%, if I upped it to 12% and it's doubled to 24% by the employer, does that take me above the tax free threshold? Or is it just my own contribution that counts?

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#2 22-04-2022 11:30am

Henry Ford III

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No it doesn't. The income tax relief limits relate to your contribution only.
There is an overall max. funding rate but that's likely to be over 100% of salary.

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