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Help with self-assessment
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lastminute123
Posts: 3 Newbie

in Cutting tax
Hi just wondering if anyone can help with a self assessment query due to the higher rate child benefit charge. I have to complete one for the first time. I thought the child benefit charge was based on net adjusted income, so if for example my taxable income was £54000 and I made pension contributions of 2000 do I enter the income of 52000. I can’t see anywhere on the form where I record the pension contributions? Or is the calculation based on the 54000? Thank you
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lastminute123 said:Hi just wondering if anyone can help with a self assessment query due to the higher rate child benefit charge. I have to complete one for the first time. I thought the child benefit charge was based on net adjusted income, so if for example my taxable income was £54000 and I made pension contributions of 2000 do I enter the income of 52000. I can’t see anywhere on the form where I record the pension contributions? Or is the calculation based on the 54000? Thank you
Relief at source
Net pay
Salary sacrifice0 -
Not a wind up unfortunately! Doing it online, imagine I would have missed the deadline for
thank you dazedandconfused, I’m not sure which. I will find out.1 -
*for the paper form0 -
lastminute123 said:Not a wind up unfortunately! Doing it online, imagine I would have missed the deadline for
thank you dazedandconfused, I’m not sure which. I will find out.
Net pay is where salary is say £60k and you contribute 10% so P60 shows taxable earnings as £54k.
Salary sacrifice is where you don't actually pay anything into a pension, you agree a reduced salary in return for extra employer contributions.1
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