D629597

So are they classed as allowable earnings for tax relief? If I earn X + the share proceeds this year can I get tax relief up to all or just up to X? Thanks

I recently sold some of my company shares built up through SIP and variable pay performance shares, I would like to put the proceeds into my SIPP. Can I do this? I paid tax on the SIP shares on purchase and when the performance shares vested. Thanks

Hi, for 23-24 I wanted to put all of my earnings into my SIPP. The numbers are made up for simplicity. Earned Income: 20,000 say I paid 5000 at 40% tax rate for the year across earnings and pension. Tax at 20% (BR) 15000 *0.2 = 3000 Tax at 40% 5000 * 0.4 = 2000 Total = 5000. So I think the following is correct, Add 15000 and get 20% RAS of 3750 = 18750 Claim 1250 using self assessment. Total in SIPP = 18750 + 1250 = 20000 Added 15000 Tax back = 3750 + 1250 = 5000 However, I've just taken 20000*0.8 = 16000 and got 4000 RAS. I added 16000 instead of 15000 and missed out on the 40% additional through a tax return. Can I correct this? Can I still claim the 1250 and use the extra 1000 I paid in against 24-25 Income. Or is there nothing I can do now? Many Thanks

In the case of an expected estate, is an estate agent valuation sufficient for a property valuation? Or can it be based on property sales locally without the need for one?

I have a company pension greater than my personal allowance. I also work on a flexible contract. My PA is 100% against the employment income. The income next year will fall below the PA as I plan to take a break. My pension is taxed at basic rate. It would make sense to move the PA to the pension. How do I do this? Thanks

I'm not trying to claim back inheritance tax. It's, Can I put the inheritance money onto my SIPP in the next tax year and will I get tax relief? Thanks

Do I subtract the savings personal allowance and add 80% of the remainder? or just add 80% of the total gross interest? Thanks

Just to clarify. It doesn't count towards my total earning for this tax year? So as long as I don't go over my pension contribution allowance I can add it to my SIPP and gain tax relief? But it can only be interest earned in the current tax year. Thanks

Can you clarify please? Is the inheritance classed as nett or gross income? If I incurred 40% tax overall after including the it. Can I claim 40% tax relief using self assessment? Can I wait until the next tax year to add the inheritance? Thanks

Is savings interest classed as income and can it be paid into a SIPP and get basic rate tax relief?