We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

including pension payments for tax credit

Hi
Have read many threads on here regarding taking off pension payments from the gross wage, we never realised this was taken into consideration so have never taken pension payments off the figures given to Tax Credit and the amount is around £1500 a year paid to this and is not through the employer so never showed up on the P60.
Is it possible to have any back dated as it makes alot of difference to the payments we would have and will receive.
Thanks for any help or advice
:)

Comments

  • kerryallc71
    kerryallc71 Posts: 365 Forumite
    Part of the Furniture 100 Posts Combo Breaker Debt-free and Proud!
    this form will tell you about pension contributions etc ..

    http://www.hmrc.gov.uk/forms/tc825.pdf


    the figure you need to give tax credits is your gross pension contributions ( which will include tax relief ) , make sure you have your pension statements ( 2009/2010 - 2010/2011 ) to hand when you contact tax credits ..

    my husbands stakeholder pension contributions are paid on his net income ( after tax & NI ) so his p60 does not show his stakeholder pension contributions . but each month a payment is taken from his monthly wage , that payment is taken after he has paid tax & NI , that payment is taken from his net wage .

    some pensions are taken from gross wage ( before tax & NI ) is deducted this will show on someone's P60 , those people will pay less tax and NI , there p60 will show this .
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.