YouTube video by Ndubuisi 'Andy' Egwim explaining how doctors can maximize tax-free private pension contributions. The speaker gives a practical example using a radiology consultant with company income (£100k–£150k) and states the current UK annual pension allowance is £60,000 (tax-free on contributions now).
£60,000 per tax year (tax-free on contribution).
The money you put in that private pension is considered tax free. Well, at least at the moment you're putting it in. So if you. Let's give you a practical example. Let's say you're a radiology consultant. Your limited company makes £100,000 in a year, or let's say £150,000. And you decide, look, I want to put some money in my pension. Okay? You can decide on any amount you want. But the maximum the government will allow you to put in your pension in a year is how much? 60k. So £60,000 is what the government will allow you to put in your pension every year, tax free. They're not going to tax you on it now, maybe in the future, buy and buy, obviously, if they can get some of it. But obviously, there's a way to make sure that you don't withdraw so much.
