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How much can employers contribute to your pension?

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The Retirement Café with Justin King

How much is your employer allowed to contribute into your pension? The basic rule for any employer contribution is that it must meet the “wholly and exclusively” rule to qualify for tax relief. So like any business expense, to be an allowable deduction against profits, the contribution should be at a reasonable level for the individual concerned.

Remember, you are still subject to the Annual Allowance rules for all combined pension contributions.

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If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you.

As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete financial confidence.

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This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!

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