P542 Teletext 542 Jul 8 21:14:04
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--- STARTING A PENSION ----------------
In the UK 11m people belong to an
occupational pension scheme - many make
additional voluntary contributigns
known as A$Cs.
The tota½ money going Ynto your pension
cannot exceed the levels set by the
taxman. But you get tax relief at your
highest tax level on AVCs.
So if you pay 25% tax and make an AVC
of £100 a month, Yt only costs you £75
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