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Salary sacrifice and self-assesment

Skibunny40
Posts: 443 Forumite


in Cutting tax
Hi All
I'm completing my self-assesment form and am not sure what figure to put in for how much I've paid into a personal pension. I have a SIPP as well as salary sacrifice on my work pension, but the amount I sacrifice on my salary shows as part of my employers contribution on my work pension. So should I only write the figure I pay into my SIPP, or the total of the SIPP money and the salary sacrifice?
I'm completing my self-assesment form and am not sure what figure to put in for how much I've paid into a personal pension. I have a SIPP as well as salary sacrifice on my work pension, but the amount I sacrifice on my salary shows as part of my employers contribution on my work pension. So should I only write the figure I pay into my SIPP, or the total of the SIPP money and the salary sacrifice?
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Comments
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The salary sacrifice is not your contributions. Your p60 figure should already be the figure after salary sacrifice.0
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So I only write the amount I pay into my SIPP in the box for personal pension contributions?
Sorry, just want to be sure I'm understanding correctly!0 -
Correct......0
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Thank you!0
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So I only write the amount I pay into my SIPP in the box for personal pension contributions?
The SIPP operates on "relief at source".
https://www.google.com/search?q=self+assessment+guidance+notes+2018&oq=self+assessment+notes+2018&aqs=chrome.1.69i57j0l5.21354j0j8&sourceid=chrome&ie=UTF-8
Under the ‘relief at source’ system, your pension provider claims basic rate tax relief (of 20%) on your personal contributions and adds that to your pension pot.
Put the total amount in box 1 – that is, your personal contributions paid to the scheme, plus the basic rate tax relief. Include any one-off contributions you made in the year and provide the details of any one-off contributions in ‘Any other information’ on page TR 7.
Use the pension certificate or receipt you get from the administrator to fill in box 1 or work out the figure by dividing the amount you actually paid by 80 and multiplying the result by 100.
Example
Emma paid £700 into her pension scheme. She puts £875 in box 1 (£700 divided by 80 and multiplied by 100), which is her net payment plus the tax relief of £175 (£875 at 20%).
If you pay tax at 40% or 45% you should still fill in box 1 with the amount you paid in plus the basic rate (20%) tax relief. We’ll work out the extra tax relief due to you over the basic rate claimed by your pension provider.
Personal contributions with full relief0
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