Don’t Forget to Pay Your Pension Charge

Don’t Forget to Pay Your Pension Charge

The Pension Annual Allowance tax charge depends on your marginal rate of tax. Where their income exceeds £150,000 it would be at 45%. Thus if the pension input for 2018/19 was £40,000 and the limit is tapered to £10,000 the excess of £30,000 would incur a £13,500 tax...