Originally posted by breaktwister
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Point 1 (not about the maths) - for these sort of sums speak to an IFA.......
Point 2 - If you are a 20% tax payer, and pay £32k personally into your pension, the sum in the pension will be £38.4k (not £40k).
20% of £40k is £8k. 20% of £32k is £6.4k
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