How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask bigduckontax Your Own Question
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4783
Type Your Tax Question Here...
bigduckontax is online now

What are the tax relief contribution /17

Customer Question

what are the tax relief for pension contribution for 2016/17 for a person gross income of £250,000 gross. Having not made any pension contributions for 2012/13 & 2013/14
Submitted: 1 year ago.
Category: Tax
Customer: replied 1 year ago.
I do not have an alternative email address as requested:***@******.***. I have paid the the fee requested please use my only email address
Expert:  bigduckontax replied 1 year ago.
Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question. Your pension contribution limit for 16/17 is 40K or 100% of your earned income, whichever is the less. For 12/13 and 13/15 the limit was 50K and for 14/15 and 15/16, 40K. You can go back up to three tax years to make up unused contribution limits. I do hope that you have found my reply of assistance.