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- Is there somewhere in the self-assessment process that I can flag up the 2015/16 pension relief that was due to be received in 2016/17?
I am not sure that I understand in that pension premiums paid in 2015/16 are eligible for relief in ......2015/16! Are you also due pension relief in 2016/17? Are you looking to make an outstanding claim for 2015/16 which is entirely separate to your tax return for 2016/17?
Originally posted by purdyoaten2
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To clarify, I have previously told HMRC of one-off pension contributions on the telephone. These have typically been made in late March, so HMRC have adjusted my tax code to increase my personal allowance so I receive my higher rate of pension relief. The 2015/16 pension relief was applied to my tax code for 2016/17 and applied via my employer on PAYE. So I understand what you are saying re the eligibility for relief being for 2015/16, but in this case (and in previous years) HMRC have passed it back in the following tax year.
What is confusing me is that I have already made a claim for the 2015/16 pension relief and they applied this to my 2016/17 tax code. With this being the first period I have been asked to do self-assessment, the self-assessment process is looking at the 2016/17 figures in isolation and is calculating tax being owed as I was paid by my employer based on the increased tax code to give me the pension relief. What is the best course of action to balance this?