Quick question on PAYE salary and pension contributions:

SomeMadeUpName

Until very very recently my missus and I have been getting only a few hundreds pounds in PAYE salary, and so have only made £2,880 payments into a pension pot (to then be grossed up by HMRC to £3,600).

This year (starting a week ago, and completed before 5th April) I will get £12,575 in PAYE wages.

My question is: Do I need to wait until this is all received (and therefore recorded on RTI) before I pay £10,060 (to be grossed up to £12,575) into my pension, or can I just bang it in now in the knowledge the RTI will happen over the next couple of months?

Thanks for any input.

molerat

It's all about the tax year overall so as long as you know what you will get there is nothing stopping you doing it now, you could have done it last April.

SomeMadeUpName

molerat said:

you could have done it last April.

Only if you'd leant me the cash, I was skint until the autumn   

Marcon

SomeMadeUpName said:

Until very very recently my missus and I have been getting only a few hundreds pounds in PAYE salary, and so have only made £2,880 payments into a pension pot (to then be grossed up by HMRC to £3,600).

This year (starting a week ago, and completed before 5th April) I will get £12,575 in PAYE wages.

My question is: Do I need to wait until this is all received (and therefore recorded on RTI) before I pay £10,060 (to be grossed up to £12,575) into my pension, or can I just bang it in now in the knowledge the RTI will happen over the next couple of months?

Thanks for any input.

Are you employed by a company you also own (or at least control)?

SomeMadeUpName

Marcon said:

SomeMadeUpName said:

Until very very recently my missus and I have been getting only a few hundreds pounds in PAYE salary, and so have only made £2,880 payments into a pension pot (to then be grossed up by HMRC to £3,600).

This year (starting a week ago, and completed before 5th April) I will get £12,575 in PAYE wages.

My question is: Do I need to wait until this is all received (and therefore recorded on RTI) before I pay £10,060 (to be grossed up to £12,575) into my pension, or can I just bang it in now in the knowledge the RTI will happen over the next couple of months?

Thanks for any input.

Are you employed by a company you also own (or at least control)?

I control and am paid a small stipend salary by one company.
The somewhat larger salary of £12,575 is coming from another company of which I am a director but not currently a shareholder.  So I have 'some' control.