510 others answered this question
Question 1a Note 5 Edward
Tax rates
TX 2014 Tax Rates and Allowances
Alfred and Edward King are brothers. They are trying to calculate their balancing payments for the tax year 2013–14, and the following information is available:
Edward King
(5) During the tax year 2013–14, Edward contributed 4% of his gross director’s remuneration of £179,000 into Stately Ltd’s HM Revenue and Customs’ registered occupational pension scheme. The company contributed a further 6% on his behalf.
Required:
How will the pension contribution be treated?