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Tax relief on contributions
Mensch
Posts: 54 Forumite
Eleven working days to go.
I'm thinking about putting in a final contribution of around #6000 into my SHP to get a little tax relief bonus. My employer and I have contributed about #4000 so far this tax year and my earnings from 6 Apr to 31 Aug will be about #10000, so I'm assuming that's all legal and above board.
One question though: do I have to pay it in before I finish up or can I do it later between my employment end date and the end of the tax year?
Sorry, if that's been asked before.
I'm thinking about putting in a final contribution of around #6000 into my SHP to get a little tax relief bonus. My employer and I have contributed about #4000 so far this tax year and my earnings from 6 Apr to 31 Aug will be about #10000, so I'm assuming that's all legal and above board.
One question though: do I have to pay it in before I finish up or can I do it later between my employment end date and the end of the tax year?
Sorry, if that's been asked before.
0
Comments
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yeah so long as it's done during the same tax year it's fine.
one point - if you earn £10,000 gross this year, you can only contribute £10,000 gross this year, if you're contributing from net pay, your tax relief needs to be included with the £10,000.0
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