Mortgage free in Forever Home :-)

greenbee

Your pension providers can only claim back basic rate tax, HR has to be claimed via your tax return. This applies even if you are paying into an employer's pension UNLESS the pension is paid via salary sacrifice (i.e. before tax). Not many people seem to know this, and employers/pension schemes don't seem to do a good job of letting people know. 

I always reckoned the years HMRC told me I didn't need to complete a return were the ones I definitely did Although things like paying my redundancy lump sum into my pension caused havoc with my tax code for the next couple of years!

KajiKita

greenbee said:

Your pension providers can only claim back basic rate tax, HR has to be claimed via your tax return. This applies even if you are paying into an employer's pension UNLESS the pension is paid via salary sacrifice (i.e. before tax). Not many people seem to know this, and employers/pension schemes don't seem to do a good job of letting people know. 

I always reckoned the years HMRC told me I didn't need to complete a return were the ones I definitely did Although things like paying my redundancy lump sum into my pension caused havoc with my tax code for the next couple of years!

Sounds like I need to learn how to do a tax return then …? 🤷‍♀️ I don’t have the first idea where to start. Is there a portal or a form or a something …?

KK

Brewerspride

Chloe will be talking to you soon, bless her.

greenbee

https://www.gov.uk/government/organisations/hm-revenue-customs

redofromstart

There's a specific form to fill in to claim the rebate if you don't need to do self assessment. 

https://www.gov.uk/guidance/claim-tax-relief-on-your-private-pension-payments

KajiKita

Thanks @greenbee and @redofromstart  - you are stars 🤩 🌟  I will bookmark that private pension rebate link 😊❤️👏

@Brewerspride, she is at least in the living room now, with us again 😊

KK

dawnybabes

If you’ve paid any in for the last few years whilst a HR tax payer you can claim it back as well. 

KajiKita

dawnybabes said:

If you’ve paid any in for the last few years whilst a HR tax payer you can claim it back as well. 

Thanks for the hint, but this is the first time I have added anything to a pension that is independent of my employer. 

KK

Watty1

No idea on the tax stuff but so glad Miss Chloe is doing well.

Brie

KajiKita said:

Sounds like I need to learn how to do a tax return then …? 🤷‍♀️ I don’t have the first idea where to start. Is there a portal or a form or a something …?

KK

If I can do it with income from 2 countries then yours should be a dawdle.  All online.  And as long as you are not trying to ring them the last day the return is due you should be able to get through to nice, patient and helpful tax people.