ISAs and pension contributions on self assessments

leopoldo_2

Do contributions to investment ISAs and personal pension contributions have to be declared anywhere in self assessments? I'm a sole trader.

I am guessing not, as long as you remain within the 20k limit (ISA) and only pay the basic rate (pension contribution...relief at source arranged by the pension provider), but just wanted to be certain.

Thanks!

Dazed_and_C0nfused

ISA's don't get shown on Self Assessment returns.

Relief at source pension contributions should be entered, there are a few pension contribution boxes and one is specifically for this type of contribution.

leopoldo_2

OK thanks, I'm guessing it has no impact on the tax due if you stay within the limit? 

[Deleted User]

leopoldo_2 said:

OK thanks, I'm guessing it has no impact on the tax due if you stay within the limit? 

If you were a higher rate taxpayer it could reduce your tax liability. Either way the contribution made by you plus the basic rate tax claimed by the provider should be entered. For example - if your contribution is £800 you should enter £1000.

leopoldo_2

Many thanks