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BT Pension

penwise
penwise Posts: 398 Forumite
I've been Money Tipped!
in Pensions, annuities & retirement planning
Have friend who is in latest BT pension scheme and is in 40% tax bracket and does not use salary sacrifice .

Does anyone know if she have to claim some of the tax relief back herself or is this handled automatically for her by the BT scheme.

Thanks

Comments

  • jem16
    jem16 Posts: 19,779 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    penwise wrote: »
    Does anyone know if she have to claim some of the tax relief back herself or is this handled automatically for her by the BT scheme.

    Thanks

    Contributions to the BT pension scheme are made from gross salary before tax is paid so she is getting full tax relief at that point. There is no need to claim anything back.
  • jem16
    jem16 Posts: 19,779 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    robin61 wrote: »
    It should say on her payslip if she is using the smart pension scheme. Everyone was opted into this automatically unless they specifically requested not to be. So you will most likely find she will be OK.

    The OP did say that the friend was not using salary sacrifice.
  • mgdavid
    mgdavid Posts: 6,711 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    whether using salary sacrifice or not, pension contributions are deducted before tax is calculated.
    The questions that get the best answers are the questions that give most detail....
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