Help with HMRC Pension Tax Relief Form

Glittering_Feeling

Hello,

I’m a higher rate tax payer and my monthly contributions to my workplace pension scheme are made via salary sacrifice. 

In February I made a one-off additional contribution (part of my bonus) to my workplace pension. I believe I can claim tax relief on this. 

I do not complete a self assessment and hence using the HMRC online form for pension tax relief.  I have some questions I’m hoping someone can help with: 

1) it asks “What was the total net contribution you made into this pension for the 2024 to 2025 tax year?” - I think I should only put the one-off payment I made, as my other contributions were salary sacrifice so I’m not trying to claim relief on those. Is that correct I should just put the one-off payment?

2) it asks for the ‘net contribution’ I made - I put £5000 into my pension as the one-off payment, but that’s the gross amount right? How do I calculate the net contribution? 

Thank you for any help 

Dazed_and_C0nfused

Glittering_Feeling said:

Hello,

I’m a higher rate tax payer and my monthly contributions to my workplace pension scheme are made via salary sacrifice. 

In February I made a one-off additional contribution (part of my bonus) to my workplace pension. I believe I can claim tax relief on this. 

I do not complete a self assessment and hence using the HMRC online form for pension tax relief.  I have some questions I’m hoping someone can help with: 

1) it asks “What was the total net contribution you made into this pension for the 2024 to 2025 tax year?” - I think I should only put the one-off payment I made, as my other contributions were salary sacrifice so I’m not trying to claim relief on those. Is that correct I should just put the one-off payment?

2) it asks for the ‘net contribution’ I made - I put £5000 into my pension as the one-off payment, but that’s the gross amount right? How do I calculate the net contribution? 

Thank you for any help 

1.  Correct, you cannot ever claim any tax relief on pension contributions your employer has made.

2.  With relief at source contributions the net amount should always be 80% of the gross contribution.  For example you pay £1,000 and the pension company adds 25%, making a gross contribution of £1,250.  80% of that is £1,000.

Glittering_Feeling

Dazed_and_C0nfused said:

Glittering_Feeling said:

Hello,

I’m a higher rate tax payer and my monthly contributions to my workplace pension scheme are made via salary sacrifice. 

In February I made a one-off additional contribution (part of my bonus) to my workplace pension. I believe I can claim tax relief on this. 

I do not complete a self assessment and hence using the HMRC online form for pension tax relief.  I have some questions I’m hoping someone can help with: 

1) it asks “What was the total net contribution you made into this pension for the 2024 to 2025 tax year?” - I think I should only put the one-off payment I made, as my other contributions were salary sacrifice so I’m not trying to claim relief on those. Is that correct I should just put the one-off payment?

2) it asks for the ‘net contribution’ I made - I put £5000 into my pension as the one-off payment, but that’s the gross amount right? How do I calculate the net contribution? 

Thank you for any help 

1.  Correct, you cannot ever claim any tax relief on pension contributions your employer has made.

2.  With relief at source contributions the net amount should always be 80% of the gross contribution.  For example you pay £1,000 and the pension company adds 25%, making a gross contribution of £1,250.  80% of that is £1,000.

Thank you for the quick response!

Ok I hadn’t thought about the 20% from the pension company, so I believe I put £4800

Thanks for the guidance