Hi, have a question for Paper F6- Excess pension contribution is chargeable @ additional rate only or at the rate that becomes or is applicable per taxable income? Please help! Thanks.
So does the annual charge go anywhere in the 3 columns of the income tax comp, or does it only appear in the tax calculation at the bottom?
Also, shouldn't the tax bands only be extended by £50,000(annual allowance) rather than £80,000?