beekeeper200
Joined: 11/11/2024
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Change to income on K code and in year SIPP Payments
I have recently had a change of role which has meant a new higher salary, vesting quarterly RSUs and enhanced bonus. Notifying HMRC on my new expected end of year taxable income (including salary, bonus and RSUs) they have put me on a KxxxX code to reclaim underpayment of tax, as I am now above the 125k mark. But I am making large SIPP contributions can I tell HMRC about these to reduce the tax I owe in the year or do I need to complete a SA at the end of the year?