GPP and taxable income
potts8
Posts: 60
Forumite
In relation to another thread I currently have on here: https://forums.moneysavingexpert.com/showthread.php?t=5979243
Could anyone please confirm if payments into a group personal pension which I believe is relief at source(Payments made from net income and Scottish Widows claim basic rate tax on my behalf) should reduce my taxable income as shown on my P60?
I think I may be wrong in thinking that it should as my P60s always show my gross income.
Could anyone please confirm if payments into a group personal pension which I believe is relief at source(Payments made from net income and Scottish Widows claim basic rate tax on my behalf) should reduce my taxable income as shown on my P60?
I think I may be wrong in thinking that it should as my P60s always show my gross income.
0
Comments
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From your other thread your pension payments are from net pay so won't affect your P60 taxable pay figure.0
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From your other thread your pension payments are from net pay so won't affect your P60 taxable pay figure.
Thank you, so although I can claim tax relief to ensure that I don't pay any high rate tax in any given year. I am still technically a high rate tax payer so such benefits as marriage allowance wouldn't be entitled for me.0 -
Thank you, so although I can claim tax relief to ensure that I don't pay any high rate tax in any given year. I am still technically a high rate tax payer so such benefits as marriage allowance wouldn't be entitled for me.
As I understand it, as long as the pension payments you make ensure you have no HR liability then you would be able to receive marriage allowance0
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