We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tax relief on my pension statement
Options

Nick9967
Posts: 208 Forumite

Need some help from you guys in the know, I'm not sure if I'm being thick or not.
I have a pension through work for which I pay in 6% of my salary per month and my employer matches this .
Nominal Salary is £62,500 p.a. my contribution p.a. £3,750 and employer same.
So I've just received my pension statement , its clear that what's been paid in over 12 months is simply (312.50 + 312.50) * 12 = £7,500 p.a.
shouldn't I see some tax relief going in there somewhere at some point? from all I've read it seems so but can't be sure - to note I'm on a salary sacrifice scheme . In the back of my mind I'm thinking that possibly the sacrifice scheme is allowing me to pay less tax and NI now on my monthly salalry rather than it go into my pension pot physically.
confused as hell!!
I have a pension through work for which I pay in 6% of my salary per month and my employer matches this .
Nominal Salary is £62,500 p.a. my contribution p.a. £3,750 and employer same.
So I've just received my pension statement , its clear that what's been paid in over 12 months is simply (312.50 + 312.50) * 12 = £7,500 p.a.
shouldn't I see some tax relief going in there somewhere at some point? from all I've read it seems so but can't be sure - to note I'm on a salary sacrifice scheme . In the back of my mind I'm thinking that possibly the sacrifice scheme is allowing me to pay less tax and NI now on my monthly salalry rather than it go into my pension pot physically.
confused as hell!!
0
Comments
-
If you are paying through salary sacrifice then you are receiving tax relief through your salary so only the actual payments should be on your statement0
-
answered thanks0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards