Sumit Dargad

This refers to HMRC guide on Tapered annual allowance for pension saving at following link. https://www.gov.uk/guidance/pension-schemes-work-out-your-tapered-annual-allowance First step is “Work out your net income” First sub-step is “Add up your taxable income for the tax year.” The first component of “taxable income” is “earnings from employment” Should the “earnings from employment” include the statutory contribution to pension by the employer? It is 15% of basic pay in my case. I suppose, it should not – because it is an investment, not income, at least till you retire & start getting your pension. Can someone confirm? Thanks. Suggest HMRC clarifies this on their portal at above link.