Workplace pension scheme - limits for tax relief

bigmc23 · 11-08-2020 11:22AM #1

Hi folks, i was wondering if anyone knew if employers contributions counted towards the contribution limits for tax relief? I have read different things online. I am 32 so my contribution limit would be 20% of my earnings . My ee pays in 5% and I 3% but considering making some AVCs up to the point that my tax relief cut off. Thanks in advance !

lulut · 11-08-2020 11:39AM

If it is a defined contribution plan the 20% does not include the employers contribution

Henry Ford III · 11-08-2020 04:56PM

Your max. contribution for tax purposes is 20%. What your employer pays on top of that isn't considered for your income tax relief.

Tar.Aldarion · 11-08-2020 05:02PM

bigmc23 wrote: »

Hi folks, i was wondering if anyone knew if employers contributions counted towards the contribution limits for tax relief? I have read different things online. I am 32 so my contribution limit would be 20% of my earnings . My ee pays in 5% and I 3% but considering making some AVCs up to the point that my tax relief cut off. Thanks in advance !

What the others said, but I do believe there is some leeway for overpayment now too since you haven't been paying the max. Would have to look up the specifics. But yes 20+their 5 in general is fine.

bigmc23 · 11-08-2020 07:17PM

Thanks everyone , much appreciated

Workplace pension scheme - limits for tax relief

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