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SIPP tax relief - allocated to which year's AA?
Topping up my SIPP before the tax year end....
ii says it will be a few weeks for the tax relief to be allocated by HMRC to my account. When it is, does that fall into 25-26 because that's when I made the net deposit, or 26-27 because that's when the tax refund was granted?
Comments
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The tax relief will be allocated to the tax year the contribution was made not when you receive it.1 -
Pension contributions are gross, not net. So, when the provider decides to add your tax relief doesn't matter.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1
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