Claiming HR tax relief on SIPP

Escapar2020

Hi All

I'm sure this question must have been asked but I can't find a clear answer! I need to claim higher rate tax relief on my SIPP contributions for the last three years, but how do I do it? I've read that I don't need to complete a tax return, but can't see what info I need to send to HMRC or in what format/level of detail? I'd like to get the detail pulled together before I try to contact HMRC.

For background, I'm employed and have a workplace pension where tax relief is applied but I also have a SIPP with vanguard where the first 20% relief is applied to contributions.

many thanks

Dazed_and_C0nfused

You just need to write to HMRC with a clear explanation of the RAS contributions paid in each tax year.

Personally I would set out the net and gross amounts for each tax year.

xylophone

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

You can also call or write to HMRC to claim if you pay Income Tax at 40%.

If you decide to phone, make it very early in the morning and even then, prepare for a long wait.

And if you write, don't expect a quick response.

Escapar2020

Dazed_and_C0nfused said:

You just need to write to HMRC with a clear explanation of the RAS contributions paid in each tax year.

Personally I would set out the net and gross amounts for each tax year.

Does anyone know if I can download the detail from the Vanguard site? I can only see the overall contributions for each year which I think includes the 20% relief already applied

Escapar2020

xylophone said:

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

You can also call or write to HMRC to claim if you pay Income Tax at 40%.

If you decide to phone, make it very early in the morning and even then, prepare for a long wait.

And if you write, don't expect a quick response.

that's why I want to have the right info ready, so I don't have to be on hold for a long time and then be told to call back with more details!

Linton

Phone HMRC and talk to them - 0300 200 3300

YorkshireBoy

Escapar2020 said:

Does anyone know if I can download the detail from the Vanguard site? I can only see the overall contributions for each year which I think includes the 20% relief already applied

Your Annual Benefit Statement breaks down this information. This is provided at tax year end and will be found in your "documents" section. 

xylophone

For background, I'm employed and have a workplace pension where tax relief is applied but I also have a SIPP with vanguard where the first 20% relief is applied to contributions.

Does the workplace scheme use "Relief at Source" or "Net Pay"?

https://www.litrg.org.uk/tax-guides/tax-basics/do-i-have-join-pension-scheme/do-you-know-how-tax-relief-your-pension

that's why I want to have the right info ready, so I don't have to be on hold for a long time and then be told to call back with more details!

The old forms and notes here may help with this

https://webarchive.nationalarchives.gov.uk/ukgwa/20190412150948/https://www.gov.uk/government/publications/self-assessment-tax-return-sa100

Albermarle

For background, I'm employed and have a workplace pension where tax relief is applied

Can you clarify this statement ? If 20% tax relief is applied to contributions to this pension, in the same way as with your Vanguard SIPP, then you need to inform HMRC of contributions to both.

However if workplace contributions are taken out before tax is applied or via Salary sacrifice, then you do not need to include them.

Escapar2020

Albermarle said:

For background, I'm employed and have a workplace pension where tax relief is applied

Can you clarify this statement ? If 20% tax relief is applied to contributions to this pension, in the same way as with your Vanguard SIPP, then you need to inform HMRC of contributions to both.

However if workplace contributions are taken out before tax is applied or via Salary sacrifice, then you do not need to include them.

its an LGPS scheme, so I think it's before tax is applied?

Escapar2020

xylophone said:

For background, I'm employedIT and have a workplace pension where tax relief is applied but I also have a SIPP with vanguard where the first 20% relief is applied to contributions.

Does the workplace scheme use "Relief at Source" or "Net Pay"?

It's an LGPS pension so I think that's net pay?