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Posted Fri, 04 Oct 2024 16:35:58 GMT by radium0022 jb
Hi, I am planning to contribute to my SIPP from the revenue generated by my limited company, where I serve as both the director and owner. My accounting year ends on 31st October 2024, but most of the invoices due from my clients this tax year are currently overdue and are likely to be paid after the end of the tax year. Would the amounts from these late payments still be eligible for tax relief in the accounting year ending 31st October 2024, even if the contributions to my SIPP are made after that date? Many thanks, Jean-Bruno
Posted Thu, 17 Oct 2024 07:25:41 GMT by HMRC Admin 19 Response
Hi,
No, tax relief is only due on earnings and, or, payments in the same tax year.
Thank you.

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