Claiming back tax on pension contribution - how?
Discussion
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](/inc/images/bandit.gif)
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](/inc/images/bandit.gif)
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](/inc/images/bandit.gif)
Is your pension contribution taken from your net pay or your gross pay?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](/inc/images/bandit.gif)
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)
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