Dummy Self Assessment Tax Return

[wrencho]

I'm not a muscular PH Director type but I am in the fortunate position that I have to self assess. I usually put any bonus (I appreciate the reader thinks I'm a muscular PH Director at this point) straight into my pension but I have to reduce it this year to avoid hitting the rolling three year limit (yep, muscular PH Director).

Is there any way to complete a dummy form so that I can optimise the relief and work out what % of the bonus to sacrifice.

Thanks

Muscular PH Director.

[worsy]

I just use a combination of salarycalculator and an xlsx to work it out.

[996Type]

As above, Salary Calculator simulates any number of salary sacrifice numbers for pension etc.

It’s interesting to see how much NI is saved as well as tax if you decide to put a little more into the pension.

Useful if you like me are PAYE also.

[i4got]

If you use TaxCalc it allows you many what if scenarios before you hit the button to submit to HMRC.

[mikef]

I’ve actually just done similar with Taxcalc

[Mogul]

The TaxCalc whatif tool is pretty good, but you pay a little extra for it and there’s a fairly steep learning curve…

https://youtu.be/f9wH5FwAZRQ?si=wLeYXUSzB1bd88gq