andryha123
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Additional tax relief for pension contribution
Hi, My income last year turned out to be £132000, I also made a one-off pension contribution of £11000 which was grossed up by my SIPP provider to £13750. Tax paid based on my P60 was £40500. Based on my calculation I should've paid £38400 instead because my income dropped to £118250 due to a pension contribution. Therefore I overpaid £2100. Is it correct? Also, I understood that I can claim an additional tax relief because I'm an additional tax rate payer: £6860 @ 25%, being £1715 (£132000 - £125140) £6890 @ 20% being £1378 (£13750 - £6860) extra tax relief £3093 Is it correct that I should expect £2100 + £3093 = £5193 from HMRC after submitting self assessment tax return? Thank you in advance