19 Aug

Tax Facts

 Tax Facts


The Maximum Pension Allowance for the year 2019/20 is £40,000
To help employees save for retirement, the government usually provides tax relief on the contributions they
pay into their pension savings. Tax relief is available on employee's pension savings up to a standard limit
 known as the annual allowance, but their exact annual allowance depends on how much they earn.
The auto enrolment minimum is currently 8% of qualifying earnings of which at least 3% must be paid by the employer.
www.payswell.co.uk
E-Mail: Hi@Payswell.Co.Uk
Phone: 0800 1707774
 
Address:
Payswell Ltd
Co-Work Borough
Three Tuns House
109 Borough High Street
London
SE11NL
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