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Tax Credits Renewal and Pension Contribution Deductions
Devonjem
Posts: 87 Forumite
Hello
I am going through the online Tax Credits renewal pages but cannot work out where to put the pension contribution deduction. I am retired and have no work income. I have some bank interest income and some dividend income. I contributed £2880 to the private pension and received £3600 back after the tax was added. Does anyone know where to input pension contributions when renewing tax credits online? thanks
I am going through the online Tax Credits renewal pages but cannot work out where to put the pension contribution deduction. I am retired and have no work income. I have some bank interest income and some dividend income. I contributed £2880 to the private pension and received £3600 back after the tax was added. Does anyone know where to input pension contributions when renewing tax credits online? thanks
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Comments
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Not sure if they've changed it but the online renewal was like the paper form, ie there is nowhere to declare pension contributions, instead you have to deduct them from the amount(s) in other boxes!Full instructions in the TC825 form: https://www.gov.uk/government/publications/tax-credits-income-working-sheet-tc825
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Hi and thanks for the reply. Yes I filled in that TC825 form today and saw that comment about deducting from other boxes. So it looks like if I made £3600 pension contributions (and had no job/self employment income), then I deduct that amount from my wife's self employment income on the form? Does not seem right to me but the TC825 seems to suggest that I should do that. (I don't even deduct the contributions from my "other income", as my wife's self employment income comes first in the online form).0
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It's daft - and expect some possible hassle when they compare tax return info with your claim, they'll say the figures don't match and imply you've got them wrong. Keep a copy of the TC825 plus proof of your pension contributions for if/when that happens.
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