richard charlton
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RE: Can pension contributions reduce tax on dividend and savings income ?
I’m looking at the answers given by HMRC and they seem contradictory with the answer 1 and the most recent ? My question is this. My profits with self employment are £60k. If I paid £10k into pension I would then claim higher pension tax relief through my self assessment. Seems to make sense. This would bring me under the threshold and so would I then have £1000 allowance for savings interest ? The examples above. Once the savings allowance is used up is all additional interest paid @20% tax ? Many thanks Richard