*14.6 Edna's total pension input amounts for tax years 2013-14 to 2016-17 are as follows: 2013-14 33,000...

Question:

*14.6 Edna's total pension input amounts for tax years 2013-14 to 2016-17 are as follows:

2013-14 £33,000 2014-15 £34,000 2015-16 £42,000 2016-17 £45,000 The annual allowance was £50,000 in 2013-14 and £40,000 in subsequent years. Edna has no unused annual allowance to bring forward from previous years. Her "adjusted income" for 2016-17 does not exceed £150,000 and her taxable income for the year

(after deduction ofthe personal allowance) is £87,500.

Calculate the annual allowance charge for 2016-17 and the amount of any unused annual allowance carried forward to 2017-18.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: