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Posted Sun, 04 Feb 2024 03:50:23 GMT by Trencher Tree
I'm seeking to use of annual pension allowances and carry forward rules to maximise my pension contributions before the end of the current tax year. However, when looking back over the last 3 years contributions, there are some data points I need to clarify which will impact the relief I can claim. Relief of Personal Contribution - Timing One-off contribution to SIPP paid on 02 Feb '23. The relief from HMRC was not credited to my SIPP provider until 22 April '23, i.e.the following tax year. In terms of annual allowance, should the relief amount be counted towards the 23/24 year or the 22/23 year where I made the original contribution? Employer Contribution Timing When I look at the specific detail on my workplace pension, there seems to be quite a misalignment between when I was (naively?) expecting my employer contributions to credit Vs when they were credited. When I logon to the providers platform, it shows contributions being 'due' 1st April but not being 'paid' until May. Does that mean I need to use the May date for these when considering my allowance? Thought I had this year under control until these scenarios popped up!
Posted Thu, 08 Feb 2024 11:05:48 GMT by HMRC Admin 20
Hi Trencher Tree,
Please refer to guidance at PTM041000 - Contributions: essential principles Deemed date of contributions
Thank you.

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