Originally Posted by
Ballistic Profile
VR - I can tell you, it’s more than 100%.
However, this £90k figure is my Pension Input Amount - ie what an actuary has estimated my notional input to a pension pot would be to generate the change in my predicted pension (over the last year).
i don’t yet know what the tax is that I’ll have to pay due to my ‘error’ of paying into my notional pot more than the £40k allowance.
Anyone know what I might be about to be shaken down for?
you should have a letter, and an annex. In the annex, do the sums, and then you’ll find out how much.
I am genuinely surprised that this is the first time it’s happened to you.