andy123 D

Thank you. So to clarify - it would be an excess charge of 40% of the gross amount - in this case £7,000. As a personal contribution already provided 20% tax relief it means that I end up paying 20% on top the gross amount in the pension.

Hello, I have sufficient carry forward from prior years. Total eligible income in 23/24 is £93,000 I have made gross personal pension contributions of £100,000 - £80k net plus tax relief of £20k. The excess pension contribution is £7,000 gross. Current excess tax relief is £1,400 The excess contribution should be added to other income to determine the excess charge. Am I correct that the excess charge will be the 20% tax relief on the £7,000 as the pension contribution means all my income in within the amended basic rate band? Thanks