We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Pension Payments (outside of tax year) on Self Assessment
F_T_Buyer
Posts: 1,139 Forumite
in Cutting tax
Hi All
I'm just filling in my self assessment, and I've noticed my employer sent my March pension payment late and it actually arrived with Aviva after 6th April.
I still want to claim this in my 19/20 tax year, I assume there is no problem doing this? Obviously I won't include this when I do my 20/21 self assessment.
Also, could I send a payment now to reduce my tax in the last year? There is no option is Aviva to say it's for the last tax year. Basically I want to reduce my child benefit tax charge, as I earn just over the higher rate limit.
Thanks!
I'm just filling in my self assessment, and I've noticed my employer sent my March pension payment late and it actually arrived with Aviva after 6th April.
I still want to claim this in my 19/20 tax year, I assume there is no problem doing this? Obviously I won't include this when I do my 20/21 self assessment.
Also, could I send a payment now to reduce my tax in the last year? There is no option is Aviva to say it's for the last tax year. Basically I want to reduce my child benefit tax charge, as I earn just over the higher rate limit.
Thanks!
0
Comments
-
1). https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm041000#IDA0QUFG
2). Not possible. You cannot make a contribution for 2019:20 now.1 -
Thanks.
It's a shame because my employer never gives me a P11D until July usually (I always pester for it), and this year my health benefit has jumped massively - getting older I guess. Also, as I've become a father in the last tax year I wanted to make sure I put everything over 50k into my pension to avoid the higher rate tax child benefit charge.
0
Categories
- All Categories
- 347.2K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.8K Spending & Discounts
- 239.5K Work, Benefits & Business
- 615.4K Mortgages, Homes & Bills
- 175.1K Life & Family
- 252.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards