Tax relief on pensions

mcooke999

Dazed_and_C0nfused said:

mcooke999 said:

In order to get paid £1000 you've got to earn £1250 and pay £250 in tax (20%)... The government is basically giving you the tax back they took from you before you paid it into your pension.

Completely untrue.

You do not need to have paid any tax to get basic rate tax relief on a relief at source pension scheme.

Lots of people on here with no pensionable earnings are contributing £2,880 and getting £720 tax relief added to their fund.

Incorrect. What I have said is completely true for a basic rate tax payer. You are also correct but probably not helping the original OP's question like I was trying to do!

Dazed_and_C0nfused

mcooke999 said:

Dazed_and_C0nfused said:

mcooke999 said:

In order to get paid £1000 you've got to earn £1250 and pay £250 in tax (20%)... The government is basically giving you the tax back they took from you before you paid it into your pension.

Completely untrue.

You do not need to have paid any tax to get basic rate tax relief on a relief at source pension scheme.

Lots of people on here with no pensionable earnings are contributing £2,880 and getting £720 tax relief added to their fund.

Incorrect. What I have said is completely true for a basic rate tax payer. You are also correct but probably not helping the original OP's question like I was trying to do!

The op never mentioned whether they were a basic rate taxpayer or not.

And even if they were but only paid basic rate tax on say £100 they would still get £250 tax relief from paying in £1,000 themselves.

Paul_Herring

The op never mentioned whether they were a basic rate taxpayer or not.

Nor did they didn't mention if they were on more than £210K or not, or whether they were actually eligible for any relief at all depending on if they're actually a UK taxpayer or not either, but you didn't cover those in your rush to show off and be pedantic for the sake of being pedantic, while sowing confusion.

Again.

mcooke999

Paul_Herring said:

The op never mentioned whether they were a basic rate taxpayer or not.

Nor did they didn't mention if they were on more than £210K or not, or whether they were actually eligible for any relief at all depending on if they're actually a UK taxpayer or not either, but you didn't cover those in your rush to show off and be pedantic for the sake of being pedantic, while sowing confusion.

Again.

Well said. Forums like this don't need pedantic people who get a kick out of over complicating what is usually quite a straightforward question just to make a point about some tiny detail that has 0 relevance to the OP.

Dazed_and_C0nfused

Fair enough.  To avoid further confusion I will leave the the post at the end of this thread.

mcooke999 said:

In order to get paid £1000 you've got to earn £1250 and pay £250 in tax (20%)... The government is basically giving you the tax back they took from you before you paid it into your pension.