When you make your pension contributions through your salary, you get tax relief on contributions.
Her Majesty's Revenue and Customs (HMRC) impose two controls on the amount of pension savings you can make without having to pay extra tax.
The amount of pension savings that can be paid each tax year
The amount of total pension savings you can make in a lifetime
If you have any questions in relation to how Annual Allowance or Lifetime Allowance can affect you, please contact us.
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