Annual Tax Return

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Mark_Maddock
Mark_Maddock Posts: 1 Newbie
in Cutting tax
Why does my Annual Tax Return total earnings come to less than my actual pay on my payslips? Is there something the tax man does not include (e.g. pension contributions).
Thanks
Mark

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  • 00ec25
    00ec25 Posts: 9,123 Forumite
    Combo Breaker First Post
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    on your payslips you will see an figure called taxable pay.

    if you pay into a pension then the taxable pay will be less than your gross pay

    is this your first ever tax return?
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