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How to treat RA contributions which are not allowed as a deduction

Posted 29 March 2016 under Tax Questions


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Buddy says:
25 March 2016 at 12:02

Can the excess amount of retirement contributions which are carried forward to tax years be offset against tax payable on lump sum pension payments?

This entry was posted in Tax Questions and tagged , , . Bookmark the permalink.

TaxTimTaxTim says:
29 March 2016 at 13:15

Yes, you would deduct these portions from the lumpsum received before working out the tax amount.


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