Pension Relief Tax at Source

Ducatiandy

Cobbler_tone said:

TheSpectator said:

Cobbler_tone said:

I love this stuff because although it can be complicated it is basic maths!

There isn't enough info here to work out the correct answer. The only thing I can take for sure is that the pension contribution of 20% is correct on a gross pay of £1381.65.
Not sure of the circumstance to get 40% tax relief on a projected salary of £16.5k a year.
What was the taxable pay on the pay slip? That is where is answer normally is.

They were weekly amounts not monthly per OP.

Thanks...the contribution rate of 20% and 40% tax relief makes sense. The rest is up in the air without knowing the taxable pay. With those figures the OP will be liable for some 20% tax and some 40% if the earnings were consistent for 52 weeks. A rough calculation suggests that amount of tax wouldn't be far off and from experience they rarely get it wrong. This is also assuming salary sacrifice.

A lot of threads on here are like trying to crack a puzzle without having the information needed, or at least trying to decode it.

It adds to the journey and expectation Mr Holmes 😉 . Sorry do appreciate the help. The relief at source does look quite confusing, I thought I had worked it roughly and got my head round it, and wanted confirmation from you Jedi Master’s

Cobbler_tone

Ducatiandy said:

Cobbler_tone said:

TheSpectator said:

Cobbler_tone said:

I love this stuff because although it can be complicated it is basic maths!

There isn't enough info here to work out the correct answer. The only thing I can take for sure is that the pension contribution of 20% is correct on a gross pay of £1381.65.
Not sure of the circumstance to get 40% tax relief on a projected salary of £16.5k a year.
What was the taxable pay on the pay slip? That is where is answer normally is.

They were weekly amounts not monthly per OP.

Thanks...the contribution rate of 20% and 40% tax relief makes sense. The rest is up in the air without knowing the taxable pay. With those figures the OP will be liable for some 20% tax and some 40% if the earnings were consistent for 52 weeks. A rough calculation suggests that amount of tax wouldn't be far off and from experience they rarely get it wrong. This is also assuming salary sacrifice.

A lot of threads on here are like trying to crack a puzzle without having the information needed, or at least trying to decode it.

It adds to the journey and expectation Mr Holmes 😉 . Sorry do appreciate the help. The relief at source does look quite confusing, I thought I had worked it roughly and got my head round it, and wanted confirmation from you Jedi Master’s

Here you go Andy. Hopefully it will help you look after that bike 

All wage slips are different but this may help to show how pay, benefits and salary sacrifice are treated: