Self Assessment - Pension Questions

pennypincher3562

Hi There

I'm currently working through my first self-assessment for tax period 2011/2012 - didn't make much profit, but think it's a a good learning experience.

I'm stumped by the following question:

'Payments to registered pension schemes where basic rate tax relief will be claimed by your pension provider (called 'relief at source'). Enter the payments and basic rate tax:'

Even after reading the HMRC explantion, I still don't have the answer. I've got my pension statement in front of me for 2012.

The summary of pension payments for 01/04/2011 to 31/03/2012 is:

contributions you made: £369.24
basic tax relief on your contributions: £92.28
contracted out contributions (inc. tax relief): £2188.47

Total: £2649.99

Could someone please help me work out the amount I need to enter for this part of the self assessment.

Many Thanks
PennyPincher3562

jem16

pennypincher3562 wrote: »

Hi There

I'm currently working through my first self-assessment for tax period 2011/2012 - didn't make much profit, but think it's a a good learning experience.

I'm stumped by the following question:

'Payments to registered pension schemes where basic rate tax relief will be claimed by your pension provider (called 'relief at source'). Enter the payments and basic rate tax:'

Even after reading the HMRC explantion, I still don't have the answer. I've got my pension statement in front of me for 2012.

The summary of pension payments for 01/04/2011 to 31/03/2012 is:

contributions you made: £369.24
basic tax relief on your contributions: £92.28
contracted out contributions (inc. tax relief): £2188.47

Total: £2649.99

Could someone please help me work out the amount I need to enter for this part of the self assessment.

Many Thanks
PennyPincher3562

You enter the total of your contributions - £369.24 plus the tax relief - £92.28 which is £461.52.

You ignore the contracted out contributions.