Milo1998
Joined: 5/20/2024
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Tax code mismatch P60 to self assessment
In my P60 the tax code is 781T, implying I have 7810 of personal allowance in 2023 to 2024. But in my online self assessment calculation, no personal allowance is applied. Why the difference? -
Higher rate tax relief on personal pension contribution
Hi. I'm a higher rate/additional rate tax payer and last tax year made a £19659 contribution to my personal pension (gross, inc the basic rate tax relief). I added this into my self assessment form to claim tax relief on higher rate but in the calculation in the end it states "Your basic rate limit has been increased by £19659 to £57,359 for pension payments". Since the basic rate threshold is £50270, I was expecting my basic rate limit to increase to go to £69929. Why has hasn't this happened? How can I claim the higher rate tax back on the full amount of this pension contribution?