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@ConfusedTaxpayer27 I'm confused why you're talking about the various end-of-form additional information boxes (SA108 box 54 and SA100 box 19)...
I think Admin 20's three paragraphs simply:
1) Confirmed SA108 and the section containing the boxes we were previously talking about
2) Gave instructions on how to get to that same section when filing online, rather than using paper forms
3) Somewhat confusingly, then also brought up the box for EIS Income Tax relief on subscriptions, not losses.
You've then introduced the additional complication of claiming against previous years... for which my reading of the situation means that you wouldn't be using boxes 41/42 at all, since they look specific to same-year claims to me, with box 43/44 being provided for carrying back to the previous year - and then you'd be completing SA108 in your 2024/25 return, not in your 2023/24 return.
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If you are filing online (presumably the case at this time of the year), it tells you about payments on account, if any, as part of showing you your calculation immediately prior to submission.
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I've never been in quite this situation myself, but I have a feeling the requested payments on account are mostly just based on the total you are needing to pay this year. However, a claim to reduce payments on account is a routine process, and it's linked towards the bottom of the right hand menu in the Self Assessment site after you are done with a return - and also mentioned at https://www.gov.uk/guidance/claim-to-reduce-payments-on-account
I think you'll need to submit your return, and then submit one of those claims too.
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If I understand correctly, the deciding point is who was listed as the life or lives insured on the bonds.
If it was your mother (solely, or as last remaining life insured), the bonds end, and the gain is treated as part of her final personal taxation, and top slicing is available.
If at least one life insured remains living, the bonds continue into the estate as bonds, and if a personal representative was to then need to trigger their surrender for value (e.g. to realise cash to pay bequests), they would be subject to tax with no top slicing permitted.
Or at least, that's what I think I've gleaned from trying to understand my own family's affairs!
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I think that is normal. In my experience, the balancing payment on the tax calculation at the end of filling in the return, takes into account the figures reported in the return itself only. I have needed to adjust it myself to take account of a pre-existing balance, when deciding how much to actually pay.
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According to https://www.gov.uk/government/publications/enterprise-investment-scheme-and-capital-gains-tax-hs297-self-assessment-helpsheet/hs297-capital-gains-tax-and-enterprise-investment-scheme-2024 if no Income Tax relief was claimed, Disposal relief is NOT available. However, Disposal relief applies to gains, not losses.
Share loss relief, on the other hand, according to https://www.gov.uk/government/publications/negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-hs286-self-assessment-he/hs286-negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-2024 MAY be available even when EIS Income Tax relief was not claimed, although when not claimed, there is a complicated set of other conditions the company must meet, so it may be difficult to determine if this applies to your shares, and you might need professional assistance.
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To expand upon the admin's rather brief reply:
You cannot claim for previous years within your current tax return.
If you completed a tax return in previous years, but now realise you should have claimed relief, the window for making amendments to 22-23 returns via the software/website they were originally submitted by is still open.
However the window for easy amendments to 21-22 is closed, and I think you'll probably be forced to send a paper letter about that... although do try HMRC Self Assessment webchat first just in case they're willing to do it that way.
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Careful, deficiency relief and top slicing relief are different reliefs, don't mix up figures between the two.
My impression (never having done it myself, but trying to work out the details in expectation of needing to in a future year) is that there is no box within the return itself for the amount of top slicing relief. Rather, the boxes in SA101 take the total gain, and the years over which it is to be sliced.
Calculation, as I understand it, would happen when/if completing a SA110 Tax calculation summary, although I've only ever filed online and had the website do the calculations for me. There is a (fiendishly complex) worksheet in the SA110 notes which may be useful for helping clarify parts of the process even if you don't use it in full. I don't know whether if your position, you're required to submit a SA110, or can just submit without it and let HMRC do the calculations.
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It's surprising to me that the workplace pension's costs are so much as to push you towards a SIPP - the ones my various employers have used have typically been good value.
But, assuming you've done the maths and are happy with that decision, another thing you could consider is **how** your salary is added to your workplace pension... if it is by salary sacrifice - and with employers paying £100k+ it often is - then you are also saving a deduction of 2% employee NICs on the amount going to your pension - and this is a saving you can't claim back if you instead choose to be paid directly, and then make your own SIPP contributions.
If you still think it's worth making your own contributions, then yes, it is possible to get a tax code adjustment, as I've had that treatment in years past.
I don't know if it is possible to contact HMRC ad-hoc and get your tax code increased for the current year based on your plans - it might be, but I've never done it. I do, however, know that on the Self Assessment tax return, right after the place you declare contributions, there's a box to say how much of the contributions were one-off (as opposed to recurring), so that HMRC know how much credit for anticipated pension contributions to include in your tax code for the year following.
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Indeed, that would be too good to be true - the missing detail is that the refund paid to you, becomes part of your overall taxable income, and so is itself taxed.
The end result of all of these processes is that you end up having been relieved of income tax **on the amount that actually ended up being added to your pension**, but not having received any "bonus" relief outside of the pension.