Pension Taper Calculation
Posted: April 2nd, 2021, 10:56 am
Hi everyone
Seeking help trying to calculate the amount
Pension taper kicks in at £240k.
Can someone confirm if I am getting the calculation right - particularly with regards the Personal SIPP Contribution and whether I need to add on the £3k the govermnent adds to this contribution)?
Example figures.
Salary : £220k
Employer Pension Contribution : £22k
Personal SIPP Contribution (£1k per month) : £12k
Dividend Income : £1k
Interest Income : £0.1k
Total : £255.1k so taper will come into effect.
TIA
Del
Seeking help trying to calculate the amount
Pension taper kicks in at £240k.
Can someone confirm if I am getting the calculation right - particularly with regards the Personal SIPP Contribution and whether I need to add on the £3k the govermnent adds to this contribution)?
Example figures.
Salary : £220k
Employer Pension Contribution : £22k
Personal SIPP Contribution (£1k per month) : £12k
Dividend Income : £1k
Interest Income : £0.1k
Total : £255.1k so taper will come into effect.
TIA
Del