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SA100 pension and savings questions


I am a higher rate tax payer, I am in a private pension scheme and I am filling out the 23 / 24 SA100
There are 2 areas that I am never to sure on, firstly I had a nationwide instant access savings account (Non Isa), under the interest paid section it gives the same figure say £1000 for both net and gross interest and tax paid deducted £0 so in the Income section of the SA100 I have
Interest and dividends from UK banks and building societies
1. Taxed UK interest – the net amount after tax has been taken off - read the notes
2. Untaxed UK interest – amounts which have not had tax taken off - read the notes
Which one would I put the £1000 savings interest in?
Secondly, On my private pension I notice that they claim back 25% tax relief but I thought I paid a mixture of 20% & 40% tax on my Salary so am unsure why they claim 25%? When it comes to filling in the pension box -
Payments to registered pension schemes where basic rate tax relief will be claimed by your pension provider (called ‘relief at source’). Enter the payments and basic rate tax
Do I enter the net amount + 20% or 25% tax?
TIA
Comments
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All interest is now paid untaxed.With personal pension plans the provider does indeed claim back 25% of the contribution that you make.If you contribute £800 the provider claims £200 from the tax man making the gross contribution £1000. (£1000 less 20% is £800)
You enter £1000 on the form.1 -
Scruffy_Meee said:
I am a higher rate tax payer, I am in a private pension scheme and I am filling out the 23 / 24 SA100
There are 2 areas that I am never to sure on, firstly I had a nationwide instant access savings account (Non Isa), under the interest paid section it gives the same figure say £1000 for both net and gross interest and tax paid deducted £0 so in the Income section of the SA100 I have
Interest and dividends from UK banks and building societies
1. Taxed UK interest – the net amount after tax has been taken off - read the notes
2. Untaxed UK interest – amounts which have not had tax taken off - read the notes
Which one would I put the £1000 savings interest in?
1 -
thanks @gt94sss2 and @"[Deleted User]"0
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