Calculate the annual allowance available in 2017 -18 (including unused annual allowance brought forward) to an individual
Question:
Calculate the annual allowance available in 2017 -18 (including unused annual allowance brought forward) to an individual with total pension input amounts as follows:
2014-15 £25,000
2015-16 £62,000
2016-17 £31,000
The annual allowance has been £40,000 since 2014 -15. Assume that the individual's "adjusted income" does not exceed £150,000 in any year.
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Unused annual allowance is 1 5000 in 201415 and 9000 in 2016...View the full answer
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