Claiming higher rate relief for additional contribution using online form

Dazed_and_C0nfused

APR1964 said:

I'm about to use this Beta form after making a couple of personal contributions recently.

• Does anyone know if using this form prevent the need to wait for self assessment time to claim the relief?

• Does the money somehow magically move from HMRC into your pension (like the lower rate relief portion does) or do you need to wait for rebates or something else to happen?

I'm keen that money goes into my pension and is invested and earning as quickly as possible, rather than the delay of self assessment and rebate.

In a similar vein, I also anticipate a tax refund this year as I've stopped work mid-year and will have paid too much PAYE. Are there any methods to realise that refund earlier than waiting a year plus for my self assessment to work it's way through the system??? My (past) employer also take their time with all the end-year paperwork (e.g. P11D) and I'd like my money working for me earlier than all these things!

If you are completing a Self Assessment return each year you can only use this online service to claim provisional relief for the current tax year.  You still need to enter the details on your tax return to finalise things.

Any additional relief due benefits you, it is never added to your pension.  That is the same whether you complete a tax return or not.  You could get relief via your tax code (more take home pay), a smaller Self Assessment bill or a Self Assessment refund.  But nothing will be added to your pension fund.

If you aren't currently employed (or getting a pension paid under PAYE) you would wasting your time using that online pension relief service.  You need to include the pension contributions details on your Self Assessment return, pretty sure that is the only way you will get the additional relief now.

c_beam

I posted updates on my experience with this form here - mirrored what @hugheskevi wrote earlier in this thread.  The online calculation didn't work in my situation and had to be done manually, and am now in touch with HMRC again as I've just received another incorrect calculation, I assume triggered by bank interest being added.  The form (or whatever happens behind it to do the calculation) is not fit for purpose.