Tax relief

[Tom Haskins-Vaughan]

To be honest I'm not sure where it comes from. The government, I'd 
imagine. I'll have to ask my financial advisor.

Bill Wisse wrote:
> On Tuesday 08 February 2005 23:13, Tom Haskins-Vaughan wrote:
> 
>>I have a pension fund that I pay into. I pay 78.00 but get tax relief at
>>basic rate (22%) so actually 100.00 is deposited into my pension fund.
>>
>>My question is: is this tax relief an expense or an income?
>>
>>i.e. Expenses:Tax:Income Tax     -22.00
>>or Income:Tax Relief                     22.00
> 
> 
> Hi Tom
> 
> I see it like this:
> 
> You put yourself $78.00 in this account.
> Another $22.00 comes from somewhere else.
> 
> Does it come from the tax what your employer withholds of your salary?
> If so, it is a non taxable income. (IMO).
>