PPRuNe Forums - View Single Post - Pilot FRE Tax Break UK HMRC
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Old 17th August 2018 | 16:15
  #7 (permalink)  
bex88
 
Joined: Jan 2012
Posts: 473
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From: Uk
You can earn 100k without loosing your personal tax allowance. The FRE is separate. Once over 100k you loose your personal allowance in a sliding scale. The trick is that everything you put into your pension is not counted up to your annual allowance. You can put 40k a year into a pension, so if you earn 140k and put 40k into your pension you keep all your allowance. After that....well lucky you, go part time.
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