SA Tax Return and SIPP

tigerspill

If you make a SIPP contribution (with ta being added back vis the pension company) - and their is no HRT implications - do you need to fill this contribution in on the SA tax return?

TCA

Off the top of my head, if the SA return asks for your pension contributions, you have to include them. Unless it says otherwise.

Joey_Soap

tigerspill said:

If you make a SIPP contribution (with ta being added back vis the pension company) - and their is no HRT implications - do you need to fill this contribution in on the SA tax return?

The clue is in the name. SA is self assessment. If you have not been asked to complete a return and you don't need to report being a director or having dividend income above the threshold, pension contributions that you want to receive tax allowance for, then the answer is no.

tigerspill

Joey_Soap said:

tigerspill said:

If you make a SIPP contribution (with ta being added back vis the pension company) - and their is no HRT implications - do you need to fill this contribution in on the SA tax return?

The clue is in the name. SA is self assessment. If you have not been asked to complete a return and you don't need to report being a director or having dividend income above the threshold, pension contributions that you want to receive tax allowance for, then the answer is no.

I do need to complete a SA Tax Return.  I was asking whether I need to include pension contributions if they make no material difference.  i.e. I have already received all the tax uplift at BRT that I am due.

zagfles

Yes, if you do SA you need to include it, even if it makes no difference. Same with any interest you earned even if within the savings allowance and even if only a few £ (except ISA interest). HMRC might correlate what your provider has claimed/what interest the bank has reported with your tax return. Also any gift aid etc. You can't just decide to leave things out because you don't think it'll make any difference.

tigerspill

zagfles said:

Yes, if you do SA you need to include it, even if it makes no difference. Same with any interest you earned even if within the savings allowance and even if only a few £ (except ISA interest). HMRC might correlate what your provider has claimed/what interest the bank has reported with your tax return. Also any gift aid etc. You can't just decide to leave things out because you don't think it'll make any difference.

Thank you.