Ptam
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Higher Rate Tax Relief on Pension Payments
I made additional pension contributions of £11250 to keep myself a basic rate tax payer. My self assessment is showing as completed and that my threshold has been increased accordingly but my tax code hasn't been updated yet. So whilst my threshold has increased, shouldn't this be reflected in my tax code and therefore my pay packet. Otherwise I don't understand how you actually receive the tax relief in your pocket. On the self assessment I gave my bank details to receive a rebate directly and it seems like it would have been a lot simpler just to do that