Could someone please tell me what the personal allowance for tax on pension contracts is? The core reading says "... an individual can pay up tp 3,600pa or their full earnings and receive basic-rate tax relief" but then goes on to give an example where an individual receives tax relief on a contribution of 39,000pa. What am I missing?
Hi Rose An individual can pay up to £3,600 or their full earnings whichever is the greater amount. Hope the studying is going well Lynn
