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TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15915
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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I FACE A FAIRLY LARGE TAX BILL / 2014 CAN I INVEST

Customer Question

I FACE A FAIRLY LARGE TAX BILL FOR 2013 / 2014 CAN I INVEST INTO A PENSION NOW AFTER APRIL 2015
Submitted: 1 year ago.
Category: Tax
Expert:  TonyTax replied 1 year ago.
Hi.

I'm afraid that you cannot backdate a pension contribution to an earlier tax year which was the case many years ago. In any event, you cannot get personal tax relief on a contribution which is bigger than your gross salary for the tax year in which it is paid even if you have unused pension allowances from the three previous tax years. Take a look here and here for more information.

I hope this clarifies your situation but let me know if you have any further questions.

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