Private Pensions

I’m sorry if this question ends up being posted twice, but I can’t see that it appeared the first time. I’m looking for guidance around entering private pension information on a tax return - boxes 4.2 and 4.4 on the short paper return. There are two small private pensions - one has tax deducted from it and the other usually has zero tax deducted, but this year has received a tax refund. I can see on the notes for the long tax return that if I was just entering the second pension, I’d enter the tax refund as a minus figure in the tax box (box 12, which is presumably the same as box 4.4 on the short return), but as there’s two pensions I’m wondering if I enter the result of pension 1 tax deducted less pension 2 tax refund in that box? ie if pension 1 had 800 tax deducted and pension 2 received a 100 tax refund, it would be correct to enter 700 in box 4.4? Thank you for your help.

Hi ,
 

You're correct - enter the cumulative total of private pensions on box 4.2, and total tax (ensuring to deduct the refund) in box 4.4. Thank you .

Hello, I work with NHS Scotland as a doctor. I work very hard (six days a week with night duties) and my salary after NHS pension contribution is 125,000£/year. Due to high pay, I am paying a large amount of Tax, with loss of Personal allowance. I want to save that tax. If I invest in SIPP with 20,000£ this year , what tax relief I will get ? How much my taxable income would be? Also, will I get any personal allowance back out of 12570£? How much will be my Personal saving allowance after I do the SIPP ? Please do the calculation and provide me with some estimate, rather than giving a link, as I have tried all the links and still extremely confused. I will be highly obliged. Thanks. Dr GG

Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our team for advice
Self Assessment: general enquiries
Alternatively you may want to seek professional advice.
Thank you.