Claim back 40% income tax on pension previous years?
I have a slightly different twist on a similar question about this. Can someone help with this scenario?
Annual salary : £60k
For each of the last 3 years I was making pension contributions of around 11k per year of which £8400 (after 20% TR) and the rest was employer and employee contributions
This year I have maxed out my contribution so it will be £60k for the year. I have received the 20% TR from my provider for my additional contribution for this year A colleague and I were just discussing this and although I know I can't pay any more into my pensions this year because of the cap but he thinks that because I paid some (not much) 40% tax in the last 3 years I should be able to offset that with my pension contributions this year? For info, my tax code is adjusted to give me the 20-40% relief for the regular contributions that I make and stated above but from what I can see I still paid some 40% tax each year.
So my questions are
1. Is this right?! And if so
2. Do I have to complete a tax return or will HMRC look back and do this automatically?
3. Is there anything I've missed?
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