Before buying the Douglas Pub business, William built up a £500,000 pension fund whilst in his previous job. William is now considering making additional payments to a personal pension fund, he asks you to:Required:Explain how he will receive full tax relief for any contributions he makes to a qualifying pension fund (2%)Advise him on the optimum contribution he should make to his qualifying pension fund from a tax perspective (2%)

1. How William will receive full tax relief for contributions to a qualifying pension fund: When…

Explain how he will receive full tax relief for any contributions he makes to a qualifying pension fund (2%) Advise him on the optimum contribution he should make to his qualifying pension fund from a tax perspective (2%)

Explain how he will receive full tax relief for any contributions he makes to a qualifying pension fund (2%) Advise him on the optimum contribution he should make to his qualifying pension fund from a tax perspective (2%)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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