HMRC Admin 5 Response

Hi

If this is coluntary pension contributions from your net pay and you are higher rate tax payer then on the tailor your tax return section you would answer yes to the question
'Did you make contributions towards a personal pension or retirement annuity?' This will then open the section to declare the contributions. 

Thank you

Hi Tim Cotter 48

Please have a look at the guidance at PTM051200 (PTM051200 - Annual allowance: essential principles: when the annual allowance charge does not apply).  
You will need to determine that the the payments meet the severe illhealth conditions.  If they do, there is no pension savings tax charge.  
If they do not, you can carry forwards the surplus allowance from the previous 3 tax years and add this to the current year threshold.  
If the payment exceeds this revised sum, then a pension saving tax charge arises and a self assessment tax return is required, to declare the excess in SA101.  
Please also have a look at HS345 Pension savings — tax charges (2024), which advises how to declare the excess.

Thank you

Hi

If the self assessment criteria tool confirms a tax return is not required, then you do not need to complete a self assessment tax return.

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Hi 

There is nothing to worry about.  There are no tax implications on giving or receiving a cash gift.

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Hi

We can only provide general information/guidance in this forum.  
For an answer to a detailed question of this nature, your friend would need to contact our self assesment helpline on 0300 200 3310, contact our webchat facility at Contact HMRC or seek professional advice.

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Hi 

Yes it is still taxable as the benefit was paid for by the company.
The insurer should provide details to the individual for them to make a claim each tax year if applicable.

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Hi 

Any increase in value of an asset when it is sold is subject to capital gains tax but as the amount you refer to is for more than 1 person then it will be below the annual exempt amount
Please see Capital Gains Tax: what you pay it on, rates and allowances

Thank you

Hi  Janni

Guidance on what is allowable is at Expenses if you're self-employed

Thank you