2014/15 Tax return and SIPP
Discussion
Hi All,
Hopefully a quick one. I've filled out (but not yet submitted) my fairly simple tax return and it turns out that I need to contribute a further £900 to the deficit.
I had made pension contributions which were processed via PAYE and taken into account for the above.
From playing with the return, I find that had I invested £3k into a SIPP, I'd owe nothing (higher rate tax payer).
Question: Did I have to invest that £3k during last tax year, or can I do anything now to reduce the 2014/15 tax bill?
Many thanks!
Hopefully a quick one. I've filled out (but not yet submitted) my fairly simple tax return and it turns out that I need to contribute a further £900 to the deficit.
I had made pension contributions which were processed via PAYE and taken into account for the above.
From playing with the return, I find that had I invested £3k into a SIPP, I'd owe nothing (higher rate tax payer).
Question: Did I have to invest that £3k during last tax year, or can I do anything now to reduce the 2014/15 tax bill?
Many thanks!
Gassing Station | Finance | Top of Page | What's New | My Stuff