Policyholder taxation: the personal allowance

Discussion in 'SA2' started by ActuaryEye, Mar 10, 2019.

  1. ActuaryEye

    ActuaryEye Member

    The core reading mentions that a policyholder can receive tax relief on contributions up to £3,600 or their full taxable UK earnings if higher. What is the relevance of £3,600 here? If I say the policyholder receives tax relief on pension contributions up to their taxable UK earnings, how is this different from the above?
     
  2. Em Francis

    Em Francis ActEd Tutor Staff Member

    Hi
    If a person's full taxable UK earnings are less than £3,600 pa then they can contribute up to £3,600.
    Thanks
    Em
     
  3. ActuaryEye

    ActuaryEye Member

    Hi Francis

    Thanks for that clarification. I got the point.
     

Share This Page