Tax relief on company pension contributions

Tax relief on company pension contributions

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Discussion

counterofbeans

Original Poster:

1,061 posts

139 months

Wednesday 23rd April 2014
quotequote all
How do you claim higher rate tax relief on company pension contributions?

If you haven't (cough) been claiming higher rate relief, are there a number of years you can go back?

Thanks!


sumo69

2,164 posts

220 months

Wednesday 23rd April 2014
quotequote all
counterofbeans said:
How do you claim higher rate tax relief on company pension contributions?

If you haven't (cough) been claiming higher rate relief, are there a number of years you can go back?

Thanks!
If its a COMPANY contribution, it gets the tax relief!

Are you sure of your terminology?

David

Eric Mc

121,940 posts

265 months

Thursday 24th April 2014
quotequote all
In you case - what entity is paying into the pension - the limited company or you personally.

It is the entity making the payments that gets the tax relief.

If it is the company, then the company will get tax relief on the amount of Corporation Tax it pays on its profits.

If it is you personally, then you will get personal Income Tax relief - including relief at the higher rates of personal tax (subject to upper contribution limits).