This is what the calculation is:
and as part of contribution no clawback expected
Before personal pension contribution:
£146 @ 0% = £0 (reduced personal allowance)
£2,306 @ 19% = £438.14 (starter rate)
£11,685 @ 20% = £2,337 (basic rate)
£17,101 @ 21% = £3,591.21...
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Personal Pension Contribution - Scottish Tax payer - Advice
Hi Accountants of CUK,
I have a question on advice and to double check independently my accountant information.
Scottish resident / Tax
Taxable Pay by year end: £125,000
What personal pension contribution would i need to make to bring me back down under the £100k under...
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