Annual pension allowance calculation

GlasgowExpat2

I’m trying to work out how much more I can transfer into my pension before the end of the year. 

Pension is via salary sacrifice. Salary is £32k before salary sacrifice. Taxable pay to end Feb £24.6k. To date I’ve made a lump sum payment of £14k and my employer has transferred £6.3k

Dazed_and_C0nfused

GlasgowExpat2 said:

I’m trying to work out how much more I can transfer into my pension before the end of the year. 

Pension is via salary sacrifice. Salary is £32k before salary sacrifice. Taxable pay to end Feb £24.6k. To date I’ve made a lump sum payment of £14k and my employer has transferred £6.3k

Is your £14k a relief at source contribution and if so is £14k the gross contribution including the pension tax relief or was is £17,500 gross?

GlasgowExpat2

Dazed_and_C0nfused said:

GlasgowExpat2 said:

I’m trying to work out how much more I can transfer into my pension before the end of the year. 

Pension is via salary sacrifice. Salary is £32k before salary sacrifice. Taxable pay to end Feb £24.6k. To date I’ve made a lump sum payment of £14k and my employer has transferred £6.3k

Is your £14k a relief at source contribution and if so is £14k the gross contribution including the pension tax relief or was is £17,500 gross?

It was £17,500 gross. 

TheSpectator

What do you expect your taxable earnings to be at 5th April (the amount after salary sacrifice). Whatever that figure is deduct £17,500 and that is the gross amount you can pay in - so 80% of that is the actual amount you pay in.

GlasgowExpat2

TheSpectator said:

What do you expect your taxable earnings to be at 5th April (the amount after salary sacrifice). Whatever that figure is deduct £17,500 and that is the gross amount you can pay in - so 80% of that is the actual amount you pay in.

Taxable earnings on my March payslip is £26,500.  Does this mean I can add another £7,200?