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Child Benefit HICBC - where to declare pension contributions?
Fr33Range
Posts: 2 Newbie
Afternoon all,
I'm filling in a self assessment tax return to see how much child benefit I need to pay back. On the child benefit tax calculator it said to enter your salary before tax (with pension contributions under net pay arrangements deducted). But on the online form there are only boxes for pre-tax pay, and tax. Am I supposed to enter my pre-tax pay minus my pension contributions for the year? Or am I supposed to enter my gross pay without any tax or pension deductions and trust that the system will "know" how much I've paid into my pension?
I'm filling in a self assessment tax return to see how much child benefit I need to pay back. On the child benefit tax calculator it said to enter your salary before tax (with pension contributions under net pay arrangements deducted). But on the online form there are only boxes for pre-tax pay, and tax. Am I supposed to enter my pre-tax pay minus my pension contributions for the year? Or am I supposed to enter my gross pay without any tax or pension deductions and trust that the system will "know" how much I've paid into my pension?
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Given your question, you may get more replies on the Tax forum.
https://forums.moneysavingexpert.com/categories/cutting-tax
This is the board for questions about benefits (including tax credits).Alice Holt Forest situated some 4 miles south of Farnham forms the most northerly gateway to the South Downs National Park.0 -
You cannot include net pay pension contributions on your Self Assessment return and they are not deducted for adjusted net income/HICBC purposes.Fr33Range said:Afternoon all,
I'm filling in a self assessment tax return to see how much child benefit I need to pay back. On the child benefit tax calculator it said to enter your salary before tax (with pension contributions under net pay arrangements deducted). But on the online form there are only boxes for pre-tax pay, and tax. Am I supposed to enter my pre-tax pay minus my pension contributions for the year? Or am I supposed to enter my gross pay without any tax or pension deductions and trust that the system will "know" how much I've paid into my pension?
You show the taxable pay from your P60 (or P45) on your Self Assessment return and that is already net of any net pay pension contributions.
For example salary £55,000 with 10% net pay contribution = taxable pay of £49,500.0
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