In 2020/21 an individual has salary of £102,200, and has made, to date, gift aid donations of £2,200. No other income.
The individual has profits on two onshore bonds amounting to 18k (15 years, making £1,200 averaged over its life), and 11k (18 years making £611 averaged over its life). Can the individual keep their personal allowance by making a personal pension contribution? And if so, how much does it need to be? Or (as pension contributions are restricted to 10k) a further Gift Aid donation?
Thank you.
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