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  • RE: Self assesment tax return, net adjusted income and child benefit

    Thank you for your reply I think we do have misunderstanding here. Here is desciption to "relief at source" I have related to in above post " Relief at source Your employer takes your pension contribution from your pay after deducting tax (and National Insurance contributions). Your pension scheme provider then claims the tax back from the government at the basic rate of 20 per cent. This is added to your pension. " To clarify what i mean: 8000£ contributed to pension is deducted from my net pay and my pension provider adds 20 % later In that case are part1 and part2 statements included in my previous post right?
  • Self assesment tax return, net adjusted income and child benefit

    Hi part1: If I will have an income of 60000£ in currnet tax year and contribute to my pension (relief at source) 8000£ My net adjusted income will go down to 50000£ I will not face child benefit charge and will be able to keep 100% of child benefit Is above statement right? part2: Then I will complete tax assessment to claim back another 20% of tax I have paid between 50000£ and 60000£ which should be around 2000£ (it will be problably less as I am not 100% sure how that is calculated) So, if I have received lets say 2000£ back from self assesment tax return does it increase my net adjusted income to 52000£? If so in which financial year? One just passed or next one?