Trying to understand revenue rules. A 35 year old PAYE worker can contribute 20% of gross salary including bonus and get tax relief. Does this mean that the same worker could contribute more funds than 20% into the pension wrapper and just not get the tax relief? Or is the absolute limit the 20%? If it is possible to add more than 20%, what happens to funds that don't attract tax relief?
Can you backdate the tax relief for more than one year? Say if you didn’t use up your full tax relief on pension contributions in 2016, could you make a contribution in 2018 & get the relief then?
Or is the ‘backdating’ limited to only one year? (2017 for 2018)