CemmyZ
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Deducting stakeholder pension contributions from taxable income
Hi, I'm going to be needing to repay some child benefit this financial year as my taxable income will exceed £50000. I pay into an occupational pension which comes out of my gross pay and also into a private stakeholder pension that comes out of my net pay. I currently receive tax relief at 20% on my stakeholder pension contributions. I understand that my occupational pension will get deducted from my taxable income regarding the child benefit repayment however will this also apply to my stakeholder pension? Thank you in advance.