Nick Weir
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RE: Paying more than gross salary into pension when retiring due to poor health
Thanks for confirming. In the event that the pension provider has got this wrong, and have already paid the tax relief, what and when needs to take place so that I remain compliant with tax and general inland revenue rules ? -
Paying more than gross salary into pension when retiring due to poor health
Hi Due to a disability, I have limited options for work. I am considering some form of retirement whilst I navigate under ESA. Ten years away from state pension age. Can I pay greater than annual salary (as a one off) into a private pension provided that I convert it to fixed income or drawn down and still experience the full tax relief ? Or will I have to pay tax and / or have contributions returned ? Kind Regards,