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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Higher Tax relief on Pension
erniefly187
Posts: 4 Newbie
in Cutting tax
I am a 40% tax payer and last year paid in £3895 (4868) with the 20% tax relief to a personal pension.
The additional tax relief i get on this is reflected in my tax code notice. Is the amount extra relief i should get just simply 20% of 3895 or 4868 or is it more involved.
any help much appreciated.
ernest
The additional tax relief i get on this is reflected in my tax code notice. Is the amount extra relief i should get just simply 20% of 3895 or 4868 or is it more involved.
any help much appreciated.
ernest
0
Comments
-
you have contributed 4868 gross to your pension
so you are entitled to 40% tax relief on 4868
you already have 20% back as you actually paid 3895 so you are entitled to reclaim 20% of 4868 back from the HMRC0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards