AVC - Age brackets for Tax relief question

R

Rebelrebel

Registered User
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Hi all.

I'm aware of the various age brackets for AVCs to maximise tax relief. For example 20% AVC for age 30-39.

I recall someone on this site advising that you could contribute 25% and get tax relief at the age of 39. I tried to search for it but couldn't find it. Is that correct?

For example if I turn 40 in Jan 2024. Could I make AVCs of 25% now age 39 and get tax relief on that 25% AVC?

Thanks.
 
No. You'll only get tax relief on 25% in 2024 tax year. I don't recall the previous thread but it might have been someone who had a birthday in December. If you turned 40 in late December 2024, you could still put 25% of all 2024 salary despite being only 40 for a few days of 2024. Perhaps that was the gist of it.
 
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