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Help with high income benefit charge and self assessment

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Comments

  • foxmeister
    foxmeister Posts: 121 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    The figures on my March/April 2018 payslip are as follows;

    Total NI : 4645.46
    Total Superannuation : 5773.35
    Total Pay : 56864.84
    Total Taxable Pay : 51091.49
    Total Pensionable Pay : 42956.50
    Total Pay Subject to NI : 56864.84
    Total Tax : 9656.80

    I'm a Police Officer and claim Child Benefit but expecting I'll have to pay some of it back before the end of January ... Please could someone advise me which figure I put into the HMRC calculator?
    Thank you for helping.
    A shadowy flight into the dangerous world of a man who does not exist.

    A young loner on a crusade to champion the cause of the innocent,
    the helpless, the powerless, in a world of criminals who operate above the law.
  • Dazed_and_confused
    Dazed_and_confused Posts: 6,458 Forumite
    Uniform Washer
    edited 2 January 2019 at 8:45AM
    This is the important bit,

    Total Superannuation : 5773.35
    Total Pay : 56864.84
    Total Taxable Pay : 51091.49

    HMRC are correct, you cannot deduct the pension contributions in the calculator because they have already been deducted in calculating the taxable income.

    You just need to use £51091.49 as far as taxable income with this employer is concerned.

    If you had paid something extra into a personal pension as well then that could be included.
  • xylophone
    xylophone Posts: 46,035 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You could make contributions to a personal pension.

    https://www.policemutual.co.uk/retirement-ifa/stakeholder-pension/
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