Claiming back tax on pension contribution - how?

Claiming back tax on pension contribution - how?

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anonymous-user

Original Poster:

55 months

Wednesday 10th June 2009
quotequote all
I'm just filling in my self assessment form (on-line) and i was under the impression that i could claim back some tax on my pension contributions? I'm a higher rate tax payer and I match my employeers pension contribution each month.
My contribution is taken directly from my pay each month.

Am i right in thinking that my contribution is only given basic rate tax relief (20%), thus enabling me to claim back the difference due to me being a higher rate tax payer (another 20%)?

If so - can anyone let me know what the relevent section on the tax form is to do this?

Many thanks

bandit

anonymous-user

Original Poster:

55 months

Thursday 11th June 2009
quotequote all
Mx_Stu said:
Bandit said:
I'm just filling in my self assessment form (on-line) and i was under the impression that i could claim back some tax on my pension contributions? I'm a higher rate tax payer and I match my employeers pension contribution each month.
My contribution is taken directly from my pay each month.

Am i right in thinking that my contribution is only given basic rate tax relief (20%), thus enabling me to claim back the difference due to me being a higher rate tax payer (another 20%)?

If so - can anyone let me know what the relevent section on the tax form is to do this?

Many thanks

bandit
Is your pension contribution taken from your net pay or your gross pay?
From the look of my payslip I would say that that tax has come off my Net income (i.e. after tax has been paid).
Should this mean that I should be able to claim back tax on all 40% of my contributions?

(Sorry for possibly daft questions - I started a new job this year with this system - previous company paid a 15% non contributory pension so didn't need to worry about this)

anonymous-user

Original Poster:

55 months

Thursday 11th June 2009
quotequote all
Thanks Eric.