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  • Tax paid on pension savings

Tax paid on pension savings

There are controls on the total amount of contributions you can make into all pension arrangements and receive tax relief on, and on the pension savings you can have before you become subject to a tax charge. This is in addition to any income tax you pay on your pension once it is in payment.

There are two controls - the annual allowance and the lifetime allowance.

Please click the following link for more information:

What tax controls are applicable to pension savings?

 

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