📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Self assessment pension top up payment

Hello all, i am about to complete my self assessment for 21-22, and would have a small tax payment to make. I have noted that top up payments made to a pension plan could offset that liability.

So the question is, can I make a top up payment to my pension plan today ( Jan -23 ) and claim that as being part of my 21-22 self assessment due by 31/1/23 ? Or is it simply that if I make that payment today, I can only use it for tax relief against 22-23 or future self assessments ?

Timing is the issue and I’ve been unable to find clear guidance in what I have read. I’d very much appreciate any good advice on this subject. Many thanks 

Comments

  • Jeremy535897
    Jeremy535897 Posts: 10,739 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    You cannot set back pension payments made in 2022/23 back to 2021/22.
  • You cannot set back pension payments made in 2022/23 back to 2021/22.
    That was my fear, thanks Jeremy 👍🏼
  • If you haven't already submitted your return and have made some Gift Aid payments in the current tax year then it's worth checking that part of your return before you submit it as Gift Aid payments can be carried back (in limited circumstances).
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.4K Work, Benefits & Business
  • 599.7K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.