How to treat RA contributions which are not allowed as a deduction

By Nicci Courtney-Clarke · Updated

Buddy

Buddy said:
25 March 2016 at 12:02

Can the excess amount of retirement contributions which are carried forward to tax years be offset against tax payable on lump sum pension payments?
TaxTim Nicci

TaxTim Nicci said:
29 March 2016 at 13:15

Yes, you would deduct these portions from the lumpsum received before working out the tax amount.