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Posted Thu, 15 Feb 2024 22:31:20 GMT by
I am a basic rate self employed worker who has started making lump sum payments into an existing personal pension scheme. The pension provider adds the pension relief to the contribution. Do I need to declare the contributions on my self assessment form? I get conflicting advice online: No - you deduct the contribution from gross salary and that becomes your actual gross/taxable salary Yes - you still do this but declare it on self assessment. On a £40,000 income, with £10,000 pension contributions, I was assuming gross/taxable pay is £30,000.
Posted Tue, 20 Feb 2024 12:17:53 GMT by HMRC Admin 5
Hi

If you are a basic rate taxpayer and your employer is claiming tax relief at source, then you do not need to declare your contributions on your return.

Thanks
Posted Tue, 20 Feb 2024 12:38:25 GMT by
Hi, I am a basic rate taxpayer, but I am also self employed. So I am making lump sum payments into a personal pension.

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