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Pension contributions

Littletres
Posted Mon, 20 Mar 2023 22:12:47 GMT by Littletres
My salary is £28,500. I know I can pay 100% of this into my pension and receive tax relief on this. However, I have unused allowance from the three previous years of approximately £15,000 per year therefore can I receive tax relief on pension contributions of £73,500 (£28,000 + £45,000) in this year year even though that’s over 100% of my salary? Thank you
HMRC Admin 20
Posted Fri, 24 Mar 2023 12:42:28 GMT by HMRC Admin 20
Hi Littletres,

There would be no additonal benefit on this. Tax relief at 20% will have already been given on your pension payments.
The unused relief to bring forward would only apply when you exceed £40000 into a pension and as this is over your salary, no additional relief would be due.

Thank you.

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