Higher rate tax relief on pension carry forward

kitchencrazy

Is it possible to reclaim the 40% tax paid in previous years if I am using up pension allowance as carry forward entitlement?

Or is any higher rate tax relief only based on what higher rate tax has been paid in the most recent tax year?

Dazed_and_C0nfused

You can only ever get tax relief on pension contributions for the tax year the pension contribution in made in.

jamesd

Not possible. You can carry forward annual allowance but nothing else and to make the whole pension contribution without going over your income in the current year you need enough current year income. That's current year, not last year. Higher rate income from past years is a lost opportunity.

If you need to affect last year the use of Enterprise Investment Scheme investments does allow going back to the previous tax year but that's not core mainstream investing.