Self Assessment gross pension payment query

fluffig

Am mid tax return and have got stuck on gross pension payments. I have read HMRC 'help' on this, but am still confused.

Net pension payments last year were £15,400. I understand that adding 25% to gross them up makes them £19,250. But, as the 25% is credited to the pension account monthly at the end of the each following month, a tax year was crossed and so £500 of that gross will go through in this financial year, rather than last.

So. Do I input £19,250 which is mathematically correct, even though £500 of it is going through this financial year? Or £18,750 which is what has actually been paid into the pension last financial year?

Dazed_and_confused

I think you are over complicating this.

Your net payment is £15,400 so the gross is £19,250.

Some pension companies pre-fund the tax relief others don't but I don't think there is any difference in tax treatment. It is when you made your payment which counts.

fluffig

Dazed_and_confused wrote: »

I think you are over complicating this.

Your net payment is £15,400 so the gross is £19,250.

Some pension companies pre-fund the tax relief others don't but I don't think there is any difference in tax treatment. It is when you made your payment which counts.

Thank you! I think you're right. I'm over complicating it. I'll input the mathematically correct version.