so I spoke to the tax man

Fife59

Hello everyone

I am in the higher tax bracket and have a SIPP with vanguard which when I put money into it the tax relief is automatically added by the tax man at the lower percentage

as I am in the higher tax bracket I had been told I am entitled to the higher tax relief on the SIPP. So I phoned today and they agreed and could see what my NHS pension both mine and my employers contibution had been . They could also see my SIPP stuff

so they ascertained I was due £1000 so changed my tax bracket 
I for some reason thought they would just put it in the SIPP , so if I want this money in the SIPP then I now take if from my wages and put in it. It will then get tax relief and I need to phone again to get the higher
any sign posting would be great

NottinghamKnight

You would normally contribute 80% of the sum you want in your SIPP, the SIPP provider would reclaim 20% and add i t to your contribution and you then reclaim the other 20% assuming you have paid enough higher rate tax. The money is in the SIPP, you can contribute more if you want, or get a cash refund or get your tax code changed so you pay less tax going forward, choices are yours. You can do a self assessment return rather than phone them of course, have you checked your annual allowance figures given that you are in a db scheme and a higher rate tax payer?

Fife59

thank you , yes I had emailed SPPA and got the figures, she had them all anyway 
  having never done anything like this before it was nice of you to confirm things

Brynsam

Fife59 said:

thank you , yes I had emailed SPPA and got the figures, she had them all anyway 
  having never done anything like this before it was nice of you to confirm things

Always worth a look at your SIPP provider's website if you have a particular topic in mind. A quick search on Vanguard's SIPP site yields a nice simple answer:

When you make a payment to your pension the government pays in an additional 20% in pension tax relief. Vanguard will reclaim this on your behalf. This turns an £80 contribution into £100. If you pay above the basic rate of 20%, you may claim further tax relief via your self-assessment tax return.

Savings in your pension grow without capital gains or income tax.

https://www.vanguardinvestor.co.uk/need-help/answer/what-are-the-tax-benefits-for-contributing-to-a-pension

Fife59

Thank you for your help. I had found that but phoned today to get some advice re self returns , having not done them before.  I did not expect them to fix it all on the phone to be honest.
My query was in regard to having my tax code changed and I was unsure how I got the extra tax relief . I thought they would just add it direct like the original tax relief. Just wanted someone to confirm getting the tax code changed for the process. Not that I doubted it was incorrect just wanted a sounding board

cheers

xylophone

https://www.taxassist.co.uk/resources/articles/tax-relief-on-pension-contributions-for-higher-rate-taxpayers#:~:text=If you're making contributions,relief is due to you.

Johnnyboy11

Write a letter to HMRC stating your gross SIPP contribution and enclose proof of your payment. Ask for an adjustment to your tax code for Higher Income Tax relief in the tax year concerned (or the next). No need to do a tax return or make phone calls.

kinger101

In my experience, writing doesn't always work first time as the person who handles the letter might not have a clue (and can't be arsed to find out).  But once the letter is logged, you'll be able to get the letter actioned correctly if you get the right person on the phone.

Albermarle

I recently requested a change to  my own tax code on line via my personal tax account ( due to increased pension contributions and a higher rate taxpayer ) It all was quite easy, as long as you know how to calculate the increased tax code needed.
However the first time I did it the tax code was not changed , so after a couple of month I went through the process again and this time I got a new tax code a couple of weeks later . So it is a bit hit and miss even on line. 

xylophone

After four letters and around 18 months, I finally received a  repayment of overpaid tax and was expecting the requested adjusted tax code for the current year.

Next payment advice showed an adjustment all right...... to M1 basis.......and I was overpaying tax again!

But once the letter is logged, you'll be able to get the letter actioned correctly if you get the right person on the phone.

How true - I stuck it out to speak to a human being.

The HMRC clerk (?) was able to pull up my file, tell me he'd need some time to sort out what had happened, found their error, corrected the code and told me that I was due a current year refund which should appear next month.

Here's hoping......

NottinghamKnight

Just do self assessment, I've received refunds after 2-3 weeks for the last couple of years.