Bill129

I would like some information about regarding pension contributions. My pension is deducted from my pay before tax, so presumably this would be ‘pension contributions under net pay arrangements’ From my understanding (I am looking further into this) this means my pension provider has already given me tax relief at the basic rate. So from advice on your website, would I then have to do the below before inputting my taxable income for the year? ‘If you made a contribution to a pension scheme where your pension provider has already given you tax relief at basic rate, take off the 'grossed-up' amount — what you paid plus the basic rate of tax. So, for every £1 of pension contribution you made, take £1.25 from your 'net income'’ I would be grateful for your assistance