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 Private Retirement Fund, What the hell is that??

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mbam
post Sep 26 2020, 06:27 PM

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Joined: Sep 2020
Is PRS contribution still tax deductible this year?
mbam
post Sep 27 2020, 12:29 PM

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Junior Member
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Joined: Sep 2020
QUOTE(GrumpyNooby @ Sep 26 2020, 07:34 PM)
Yes, until 2021.
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QUOTE(Ramjade @ Sep 26 2020, 08:22 PM)
You can continue buying a this year and 2021.
Claim for
This year - 2021
2021 - 2022

Whether you can buy in 2022, it's unsure yet. If no tax relief not extending in 2022, don't bother buying anymore.
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If 2020 onwards not tax deductible, is it worth it to go in now? Cos I might have to wait after 55 to withdraw them.
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