Ivan Lintin
Joined: 2/22/2024
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RE: Higher Rate Tax Relief On Pension Contributions Self assessment
Thank you Admin 5, Ok i put in box 3 tax relief section is the grossed up amount by my additional contribution. but question was really regards if i earn £52000 next tax year. The £2000 i need to overpay into my pension. Is it a £1600 contribution out of my bank, With the 20% tax relief making it £2000. Or because earning £52000 that £2000 is a higher tax amount. Resulting the if i contribute £1254 out my bank. with the additional tax relief it would be £2000 pension contribution. Thanks