Tax credits and pension contributions

[isfs]

Can pension contributions reduce income for tax credits down to £0?

[DaisySteiner]

Did you ever find an answer to this? Have a similar question or would be interested in taking advice from an accountant who has specialist knowledge in this area.

[tonycourt]

Hi Daisy,

The answer to your question is; yes, income for tax credit purposes can be reduced by the amount of gross pension premiums paid. If you want this advice from the horse's mouth follow the link below to see HMRC's working sheet on this subject.

http://www.hmrc.gov.uk/forms/tc825.pdf