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Child Benefit / State Pension

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  • BoGoF
    BoGoF Posts: 7,098 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Normally police pension payments are deducted at source from salary so your P60 figure should reflect the adjusted position. Is it the P60 figures you are using, the taxable pay figures on your payslips will suffice as well.
  • bcfclee27
    bcfclee27 Posts: 228 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    BoGoF said:
    Normally police pension payments are deducted at source from salary so your P60 figure should reflect the adjusted position. Is it the P60 figures you are using, the taxable pay figures on your payslips will suffice as well.
    Yes I’m using P60 figures.
    does that mean it’s already been done so won’t help me so to speak ?

    thanks for your help 
  • bcfclee27 said:
    BoGoF said:
    Normally police pension payments are deducted at source from salary so your P60 figure should reflect the adjusted position. Is it the P60 figures you are using, the taxable pay figures on your payslips will suffice as well.
    Yes I’m using P60 figures.
    does that mean it’s already been done so won’t help me so to speak ?

    thanks for your help 
    Sounds like it yes.

    If your pension is being paid using the net pay method then you cannot deduct those contributions for HICBC purposes.

    That's because your P60 already reflects the reduced taxable income.  

    For example salary £60k with 5% net pay contribution would mean your P60 only showed income of £57k.
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