• Helen White

Top earners and pensions

Are the changes introduced in 2015 to tax rules governing pensions hitting high earners too hard? Individuals paying into a pension get tax relief on their contributions up to an annual allowance or either 100% of their earnings or £40,000, whichever is lower. However, there is no tax relief on contributions above the annual allowance, and additional tax is payable if it is exceeded.

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