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nhs pension contributions
Blossie
Posts: 14 Forumite
hello
can someone please tell me if contributions to the nhs pension scheme are made gross, ie without tax relief?
thank you very much
can someone please tell me if contributions to the nhs pension scheme are made gross, ie without tax relief?
thank you very much
0
Comments
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The usual position is that you receive the tax relief automatically by the contribution reducing the NHS pay which is subject to tax.
For example (monthly figures)
Salary 3,000
NHS pension contribution 270
Taxable salary 2,730
It is the taxable salary total for the year which ends up being included on your P60.0 -
https://www.nhsemployers.org/your-workforce/pay-and-reward/pensions/pension-contribution-tax-relief
NHS Pension Scheme members will receive tax relief on their pension contributions up to a certain amount. This is because contributions are taken from pay before tax is taken off, therefore contributions reduce the amount of pay subject to tax.
This is known as the "net pay" arrangement - it's fine if you earn enough to actually pay tax but rough on those who don't.
https://www.nowpensions.com/help-centre/gateway/employee/general-information-gateway-help-centre/whats-the-difference-between-net-pay-and-relief-at-source0 -
thanks all0
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As above unless you are considering purchasing NHS Additional Pension as a lump sum purchase in which case you will need to contact HMRC to claim it back0
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As above unless you are considering purchasing NHS Additional Pension as a lump sum purchase in which case you will need to contact HMRC to claim it back
Assuming you can claim anything back in the first place in this situation.0 -
Not sure what you mean but to try to clarify my post ; the contribution qualifies but the individual contributor may not if they have already made pension contributions up to the level of their earnings .....Dazed_and_confused wrote: »Assuming you can claim anything back in the first place in this situation.0
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