Typically, when an individual is in employment, they will make regular pension contributions to an occupational pension scheme. This is usually dealt with entirely through the payroll of the employer.
The restriction to the annual amount of £40,000 which can be paid into a pension scheme was introduced on 5 April 2016.
In the second instalment in Anthony’s Personal tax update we look at ISA’s, Capital Gains Tax and Personal Pensions.
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