Savings interest into pension to save tax?
Savings interest into pension to save tax?
Author
Discussion

Irish_Stu

Original Poster:

369 posts

223 months

Wednesday 28th February 2024
quotequote all
I am expecting to receive a fairly healthy interest payment later this year from a fixed rate savings account. Can I pay this into my pension to avoid the tax? (I am a higher rate tax payer)

Thanks,
Stu

BobToc

2,030 posts

146 months

Wednesday 28th February 2024
quotequote all
As long as you have employment income to “use”. Where the actual cash comes from doesn’t matter as long as you have that.

Irish_Stu

Original Poster:

369 posts

223 months

Wednesday 28th February 2024
quotequote all
Roger. Will sacrifice the same amount from my bonus…