In which month cannot backdate a Retirement Annuity Contract contribution for tax relief to the previous year?

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Multiple Choice

In which month cannot backdate a Retirement Annuity Contract contribution for tax relief to the previous year?

Explanation:
Backdating a Retirement Annuity Contract contribution to the previous tax year is only possible up to a cutoff in the following year. In this context, you can allocate contributions paid up to the end of October to the prior year for tax relief. Contributions made in August, September, or October fall before that deadline and can be backdated, while contributions in December miss the deadline and cannot be backdated to the previous year. So December is the month that cannot be used to backdate to the prior year.

Backdating a Retirement Annuity Contract contribution to the previous tax year is only possible up to a cutoff in the following year. In this context, you can allocate contributions paid up to the end of October to the prior year for tax relief. Contributions made in August, September, or October fall before that deadline and can be backdated, while contributions in December miss the deadline and cannot be backdated to the previous year.

So December is the month that cannot be used to backdate to the prior year.

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