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House Price Crash forum > Investment > Investment in general
TW11
Nov 10 2005, 05:27 PM
I'm ashamed to admit I didn't realise you get tax relief on AVCs.... sad.gif


I'm a 40% tax payer. Defined contribution scheme.


So the question is, how do you actually check you get this relief?



If I'm being a numpty just tell me biggrin.gif

Financial Planner
Nov 10 2005, 06:05 PM
QUOTE(TW11 @ Nov 10 2005, 05:27 PM) [snapback]231750[/snapback]

I'm ashamed to admit I didn't realise you get tax relief on AVCs.... sad.gif
I'm a 40% tax payer. Defined contribution scheme.
So the question is, how do you actually check you get this relief?
If I'm being a numpty just tell me biggrin.gif

The payment you make comes off your gross salary. So, the tax is calculated on the reduced net salary.
Cheers smile.gif FP
TW11
Nov 10 2005, 06:13 PM
Ah, I see. So it's impossible for it not to happen.


Cheers FP. biggrin.gif
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