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Budget 2010 - Pension contributions

The Chancellor has confirmed that new legislation, effective from 6 April 2011, will deny tax relief above the basic rate on pension contributions made by or on behalf of high income individuals.

The definition of high income is complicated and can mean either income of £150,000 or more, or income above £130,000 which, together with the value of employer’s pension contributions, exceeds £150,000.
 

 

 

Date: 24th March, 2010
Author: David Mansell

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