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Personal Allowance and pension contributions

Posted Mon, 21 Aug 2023 20:13:03 GMT by
Good evening HMRC Team, I will earn circa £123k for FY 23/24 and want to contribute to a private pension to reduce my tax burden so as not to lose my personal allowance. I have read all of the online guides but am confused about how much I should actually pay into the pension. Is it: a. £23001 b. £23001 minus the personal allowance c. some other amount? Thank you!
HMRC Admin 25 Response
Posted Fri, 25 Aug 2023 11:36:14 GMT by HMRC Admin 25 Response
Hi Kay,
The amount you contribute should not take into account the Personal Allowance.
Thank yiu. 

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