Is dividend income counted towards your overall annual income? The reason I ask is if it would be possible to use dividend income to increase annual income so that your annual income was then at the higher tax band level -thus allowing Pension contributions to benefit from a higher tax rate (40% rather than 20%)
EG presume i earn 30K a year. Tax cut off is 36K. If I have dividend income of 20K, would that then bring me into the higher tax bracket for pension contributions?