Sample
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Question 5personal pension
Tax rates
TX 2016 Tax Rates and Allowances
Patience was born on 31 December 1954. She retired on 31 December 2014, and on that date ceased employment and self-employment. The following information is available in respect of the tax year 2014–15: Employment
Personal pension contributions
During the period 6 April to 31 December 2014, Patience contributed a total of £3,600 (net) into a personal pension scheme.
Required:
How much will the tax bands be extended by because of the contribution?