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Posted Sun, 21 Jan 2024 18:00:22 GMT by Deebs
I assume any payments I make to a private pension from FHL income are declared in the 'tax reliefs' section on SA100. Do I need to declare the payments anywhere else? And could you please confirm if my understanding of how tax relief is received, is correct: I pay 20% & 40% tax where it applies to my FHL income My pension provider claims 20% on any contributions (I have confirmed this with them) Any additional tax relief due from pension payments is calculated by HMRC from declarations on my SA forms. Note: I have a PAYE employment income of around £40,000, combined with the FHL income I will earn above £50,271. My work place pension is net pay and minimum contributions.
Posted Wed, 24 Jan 2024 17:05:18 GMT by HMRC Admin 20 Response
Hi Deebs,
I can advise you that any income genertated from a FHL property will count as 'relevant earnings' for the purpose of private pension contributions.
If you wish to claim the higher rate tax relief of 40% (if applicable) then you would only need to enter the details on the SA100 part of the tax return.
Thank you.

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