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I will be making the max. pension contribution (re:tax relief) of £40K this tax year. I have been advised that I can actually 'top up' my contributions from the previous 3 years (in no previous year did I contribute more than £15K) and claim tax relief on those contributions.
How do I do this? Do I need to amend my tax returns from previous years (is this even possible)?
Hello - desperate for advice. I'm stuck!
I exercised share options (sold the shares) and received a payment from my employer of approx. £50K. The options were granted to me under an enterprise scheme (EMI). My employer advised that (after my 12.3K capital gains allowance), the payment was taxable at 10%
My employer did not deduct tax from my payment, and advised me to pay the tax due, through my annual self-assessment.
However I cannot work out where (in the SA form) I am supposed to enter this information!
- Do I enter the money received under capital gains/disposal of shares?
- Which 'relief' (and in what section?) do I tick to ensure I am only charged 10% tax, and not the usual 40%?
Many thanks in advance