mooeyp
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How is interest taxed if I pay into a pension so my income is decreased?
2 case questions here I earn £55k I put it all into pension Do I Get all my tax back that I paid over my personal allowance? Do I get tax added to what I put in below my personal allowance Can I then earn the following interest from savings tax free £5,000 £12,570 personal allowance Total £17,570 Wife earns £10,000 Puts 8k into pension and gets 2k added? Can she then earn £17,570 in interest tax free?
Customer name amdt email removed admin .