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 Tax Return for Trustees of Registered Pension Schemes 2023-2025

Sa970 2023-2025 Form

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this is a lecture from open tuition to benefit from the lecture you should download the free lecture notes from opentuition.com an individual can contribute into a personal pension scheme a registered scheme is classed as a long-term savings plan for retirement and it has special tax privileges now individuals can uh contribute into their own personal pension plan and they get tax relief on the contributions with the higher of 100% of their relevant earnings which mainly is employment income income from their salary benefits that sort of thing trading profits plus profits from furnished holiday lettings those are the three main areas you can't include rental income but furnished holiday lettings they're clust as businesses and therefore that's an allowable um income for relev um earnings purposes for tax for the pensions or £3,600 of the gross any gross contribution now and if an employer contributes into his employees fund then they can deduct those contributi

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