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Where Taxpayers and Advisers Meet

Tips for avoiding tax

D&C
Posts:56
Joined:Mon Nov 25, 2019 11:35 pm
Re: Tips for avoiding tax

Postby D&C » Wed Nov 24, 2021 6:41 pm

You seem to have either forgotten your original post or need to read up on pension tax relief.
I should add that I have a Sipp which is funded to the tune of £2880 every year.
Assuming you mean you have paid £2,880 as a "relief at source" contribution (the standard system for SIPPs) then that makes it a gross contribution is £3,600 and your basic rate band is extended from £37,700 to £41,300 (plus Personal Allowance).

So no higher rate tax payable on the first £53,870.


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