Tax relief is available to individuals for contributions paid to a registered pension scheme, where certain conditions are satisfied. HM Revenue and Customs (HMRC) considers ‘paid’ generally means the contributions must be of a monetary amount, such as cash or bank transfer (NB a possible exception applies for ‘eligible shares’ relating to SAYE schemes or… Read More »
Tax relief is available to individuals for contributions paid to a registered pension scheme, where certain conditions are satisfied. HM Revenue and Customs (HMRC) considers ‘paid’ generally means the contributions must be of a monetary amount, such as cash or bank transfer (NB a possible exception applies for ‘eligible shares’ relating to SAYE schemes or… Read More »
There are many different payment methods for goods and services. When it comes to individuals making contributions to registered pension schemes, how must payments be made to qualify for tax relief? Cash or assets? HM Revenue and Customs (HMRC) considers that ‘paid’ in this context generally means that contributions to the scheme must be of… Read More »