Day 3. Income Tax Liabilities

C5. The use of pension contributions

a) Identify the schemes available
    i) occupational pension schemes 
    ii) privatepensionplans.
b) Define net relevant earnings.
c) Explain the maximum contributions allowed for tax relief
    i) occupational schemes
    ii) personal pension plans
    iii) stakeholder plans
    iv) employee, employer and self employed.
d) Show how the relief is given
    i) deductions from salary
    ii) basic rate tax withheld at source
    iii) higher rate tax relief given via basic rate band extension.
    iv) additional rate tax relief given via higher rate band extension.
e) Show the tax effects of employer contributions
    i) on the employer
    ii) on the employee.