NTUK_2021
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SIPP excess contribution annual allowance charge payment
Dear agent, I have contribute excess amount (£62,500 instead of £60,000 for year 2023/24 without any other unused allowance carry forward ) to my SIPP account my mistake, and now working with Pension provider for the "scheme pays" of the annual allowance charge. As the pension provider get 20% (basic rate) tax relief directly to my SIPP account, and I do not complete the self assessment yet, should I ask pension provide paid the annual allowance charge for just this 20% of the excess contribute amount (£500), or it should include the higher rate additional 20% that does not yet claim in self assessment? Thanks for your advice.