Please assist I can't get much help from our pension fund administrators on the interpretation of this question.
My staff want to withdraw from the 2 pot savings.
I need to provide their Annual Taxable Salary at date of savings withdrawal.
I know how to make their Gross Remuneration at current date into Annual Taxable income but why would they say at date of savings withdrawal.
If anyone knows what figure I should use for this question I would really appreciate it.
Is it Gross remuneration at today's date or predicted annual income for the full tax year.
I would be inclined to say the annual income as that is what will be used to calculate the tax % to use.
I will try get clarification from the fund but If someone knows please assist.
Thanks