Calculate the annual allowance available in 2023-24 (including unused annual allowance brought forward) to an individual with
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Calculate the annual allowance available in 2023-24 (including unused annual allowance brought forward) to an individual with total pension input amounts as follows:
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 2019-20 or earlier. The standard annual allowance was £40,000 for several years until it increased to £60,000 in 2023-24.
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Unused annual allowance is 15000 in 202021 and 9000 in 202223 B...View the full answer
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Pramendra Kumar Singh
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