Filling my first tax self assessment - Tax relief on pension

[FreeLitres]

Is anyone familiar with the tax self assessment?

I'm having to complete this for the first time as my earnings put me in rang of the Child Benefit Charge.

Question - on my pension contributions, I have inputted my pension contributions but does the form automatically credit me for the 40% tax relief on my pension contributions? The pension provider claims the 20% relief and adds it to my pension pot. Does the form automatically claim the other 20% and reduce my tax liability?

I'm trying to make sense of the calculation here.

[bogie]

You need to input the gross figure you paid into personal pensions, so your contribution plus the 20% already claimed by SIPP provider. You should be able to get this off your statement. Then you get the other 20% back in your tax code next year, or you can ask for a tax rebate instead.

[FreeLitres]

bogie said:

You need to input the gross figure you paid into personal pensions, so your contribution plus the 20% already claimed by SIPP provider. You should be able to get this off your statement. Then you get the other 20% back in your tax code next year, or you can ask for a tax rebate instead.

So when it asks for my pension contributions, I read the "Ee Pension TD" figure from my March payslip /80 *100 and input that? Then the form definitely automatically calculates the remaining 20% relief and credits me somewhere? Where does that show?

[bogie]

FreeLitres said:

bogie said:

You need to input the gross figure you paid into personal pensions, so your contribution plus the 20% already claimed by SIPP provider. You should be able to get this off your statement. Then you get the other 20% back in your tax code next year, or you can ask for a tax rebate instead.

So when it asks for my pension contributions, I read the "Ee Pension TD" figure from my March payslip /80 *100 and input that? Then the form definitely automatically calculates the remaining 20% relief and credits me somewhere? Where does that show?

yes to the EE pension TD figure.

When I do mine by self assessment online, at the end the calculation of tax paid/owing shows and offers a tax rebate (of overpaid tax) into bank account or will do it via change of tax code ongoing. If you choose the latter you will get a tax coding notice through the post with explanation of how its calculated or you can view it online in your personal tax account on gov.uk

[Eric Mc]

I always opt for a direct tax refund if possible as it can get very complicated if HMRC starts playing with your Tax Codings.

[Hussein-z3ksd]

FreeLitres said:

Is anyone familiar with the tax self assessment?

I'm having to complete this for the first time as my earnings put me in rang of the Child Benefit Charge.

Question - on my pension contributions, I have inputted my pension contributions but does the form automatically credit me for the 40% tax relief on my pension contributions? The pension provider claims the 20% relief and adds it to my pension pot. Does the form automatically claim the other 20% and reduce my tax liability?

I'm trying to make sense of the calculation here.

Are your pension contributions salary sacrifice? if yes then you dont have to add pension contributions to your SA. If its paid any other way then you add it.

[xeny]

Hussein-z3ksd said:

Are your pension contributions salary sacrifice? if yes then you dont have to add pension contributions to your SA. If its paid any other way then you add it.

Not just salary sacrifice - https://www.gov.uk/tax-on-your-private-pension/pen... any pre tax employer contributions.

[FreeLitres]

Just confirming, my pension is not salary sacrifice.

It's an auto enrolment scheme provided by work where the pension provider adds the extra 20% on top of my contribution. (I have an app and I can see them adding the 20% each month)

Confusingly, the form asks;

If you pay into a pension is it
A) A private pension paid after tax where the provider claims the 20% and adds it to your pot, or
B) A company pension where relief is not automatically claimed.

Mine seems to be a mixture of these two. I guess I tick A?

[AndyAudi]

If you’re filling in the form anyway take a look at anything you’ve donated charity wise.

Justgiving receipts & sponsorships etc (easy searched on their site or on your email)

You’ll get the extra relief on anything you gave too (as the gift aid the charity reclaim only at a basic taxpayer rate).

Every £100 donation would see you refunded £25 I’m addition to the amount the charity gets.


If you’re a member of a professional body or pay a work related sub you might get relief for it too.