What electric company would give me the best rate?

Do company pension schemes automatically give you 40% tax relief if you are a higher rate tax payer ?

  • If you pay higher rate tax and have a company pension, is 40% tax relief on your contribution automatically applied (added) or do you need to claim the difference between the basic ...show more

  • Answer:

    Your taxable pay is automatically reduced by the amount of your contributions. Therefore you don't pay tax on it.

6EJJTEZVRSBYZMLRITBEM7NT3U at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Yes this should automatically happen . The wages department will know from the tax code / earnings etc just what level of tax to deduct . If you are unhappy then give your wages department a ring , I am sure they will explain.

Scobill

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.