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Pension Savings Exceeded Relevant Earnings Threshold (Annual allowance NOT exceeded)
Hi, I earned £70,000 last year but I paid £80,000 into my relief at source stakeholder pension (so with the tax relief, my pension savings are £100,000 for the year). I have not exceeded the pension annual allowance as I have carry over from previous years but I have exceeded the relevant earnings threshold. I have already transferred this pension into my work’s defined benefits scheme so cannot approach the original pension company for the overpayment to be returned. I am employed part-time (PAYE) and am a sole-trader part-time so it can be hard to predict exact earnings which were lower than anticipated. Where do I stand? Am I liable to repay the tax relief over my relevant earnings? If yes, how much (approximately)? I have business losses for this year and last year so could these be used to reduce any liability for the tax relief? Thanks -
CF83 - EU Processing Date
Hi, I sent a completed CF83 mid-February 2023 and it was recorded as received mid-March 2023 with the enclosed cheque being cashed a couple of days later. I know you have a significant workload due to many people wanting to make voluntary NI contributions but it would be helpful to know when I should expect any update as I am checking my Government Gateway account every couple of days. What is the current date you are working on for EU countries? Thank you.