Calculate the annual allowance available in 2020-21 (including unused annual allowance brought forward) to an individual with
Question:
Calculate the annual allowance available in 2020-21 (including unused annual allowance brought forward) to an individual with total pension input amounts as follows: 2017-18 £25,000 2018-19 £62,000 2019-20 £31,000 Assume that the taxpayer is not a "high-income individual" in any of these years and that there is no unused annual allowance to bring forward from 2016-17 or earlier. The standard annual allowance is £40,000 in all years concerned.
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Unused annual allowance is 15000 in 201718 and 9000 in 201920 ...View the full answer
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