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Pension

Little Miss Cutie · 2014-11-11 10:48:19

Hi all, Sorry for a very basic tax question. If I have PAYE income of say 50k and additional self assessed income of say 10k net profit. Assuming I eligible to contribute up to 35% of my total income due to my age, if I put 10k into a pension tax free? Also is net relevant income the net profit amount for self assessed…

11-11-2014 10:48am

#1

Little Miss Cutie

Registered Users, Registered Users 2 Posts: 1,194 ✭✭✭

Join Date: August 2008

Posts: 1094

Hi all,

Sorry for a very basic tax question.

If I have PAYE income of say 50k and additional self assessed income of say 10k net profit. Assuming I eligible to contribute up to 35% of my total income due to my age, if I put 10k into a pension tax free?

Also is net relevant income the net profit amount for self assessed income i.e.after allowable expenses and capital allowances?

Thanks in advance for your help

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