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Re: NI contributions if buy added pension
Comments
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I have 19 yrs service in total for pension related issues but have worked longer
The code has been like this since I came back from a career break but HMRC is getting it sorted now0 -
Thanks for putting me right on tax relief.
I thought if I had paid a lump sum of @12000 I would have got tax relief on it all back from HMRC not just part of it0 -
The code has been like this since I came back from a career break but HMRC is getting it sorted now
So when was that?
The reason I am asking is if it also was used in tax year 2013/14, then you will need to claim that back too as that won't be covered with a change to this year's tax code.Thanks for putting me right on tax relief.
I thought if I had paid a lump sum of @12000 I would have got tax relief on it all back from HMRC not just part of it
What are your gross earnings for this year? The post linked to by xylophone suggests you earn £30k. if that's the case then a lump sum of £12,000 should give you basic rate tax relief on all of it as I very much doubt your normal pension contributions are in excess of £8k.
However an earlier post said you earn £1545 gross pm which is £18,540. So can you clarify please? It's difficult to help you otherwise.0 -
I got the tax sent back to me from HMRC last year.
My full time post salary (used when calculating my pension) is @30000 but as I now work part time my gross salary per month is @ 15450
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