1
Q
Annual allowance
A
£60k
2
Q
OPS
A
3
Q
PPS & how to gross up
A
x100/80
4
Q
Money purchase scheme
A
5
Q
Defined benefit scheme
A
6
Q
2 affects of pension contributions
A
1 - extend bands
2 - reduced adjusted net income for calculated Personal Allowance
7
Q
tax relief lower of;
A
gross contributions actually made
greater of;
1) £3,600
2) 100% x relevant earnings
relevant earnings = employment income, trading profits, income for furnished holiday accomodation
8
Q
A
Advanced Tax
flashcards
Decks in class (11)
# Cards
