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Am I still higher rate taxpayer after large pension contribution ?

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    #11
    Originally posted by luxCon View Post

    You are just repeating and confirming what he is saying.

    Employer's contributions dont reduce your taxable income, It reduces your Gross income.
    I wasn't sure if I misunderstood.

    As a point of note. Employer pension contributions do NOT impact gross income either.
    They reduce the profit in the company. That may well reduce the amount of cash available for dividends, but that is a secondary consequence, and not always true.
    See You Next Tuesday

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      #12
      Phone up HMRC and they can adjust your PAYE code for it.

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        #13
        Originally posted by Paralytic View Post

        Agreed, but it wasn't clear that when people were referring to "pension contributions" and how it affects tax thresholds, they were referring to personal contributions only.
        Very true, that's why I always defer to you chaps on such matters, I'm just not pedantic enough.
        "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
        - Voltaire/Benjamin Franklin/Anne Frank...

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          #14
          Originally posted by cojak View Post

          Very true, that's why I always defer to you chaps on such matters, I'm just not pedantic enough.
          it's not pedantry. It's being picky.

          HTH
          See You Next Tuesday

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            #15
            Originally posted by Lance View Post

            it's not pedantry. It's being picky.

            HTH
            It's....

            HTH

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