For the first time in my life (57) my income this year will push me into the higher tax bracket.
I work for an agency so income varies each month. I do pay into a private pension but its a
relatively small amount which I am not allowed to increase.
Can I make a lump sum payment into an existing (but dormant) NEST pension scheme to get my annual income down into the lower tax bracket?
I have registered for tax self assessment but this is my first year.
I hope this makes sense!