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tax repayment
highet
Posts: 353 Forumite
lump sum payment into sipp close to end of 2015-16 tax year - 20% tax to be claimed back from hmrc by sipp administrators - this payment wont be received from hmrc and credited to sipp until late may - for IP 2016 purposes need to know value of "pot" as of end of 2015/16 tax year - would the tax repayment be treated as being received in tax year when original payment made or in tax year when it was received?? thanks
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Comments
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Your contribution is considered gross at the point it is made. Not when the provider decides to add it to the pension.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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