Simon Lorrimer-Roberts
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Capital Gain Carry forward - No additional Losses or gains needed to be declared
This seems to have been asked several times, but the answers are not definitive so making it a Yes or No Do I still need to complete form SA108 to ensure I carry forward my previous losses? -
RE: Employer has reduced for 2022/2023 Salary Sacrifice in P60
You response “………..of pay so would not show on a P60 as only income paid would show on this.” Indicates you are not actually reading the question. It not a case of it not being shown on the P60. it’s a case of they have restricted the amount not being shown to the annual allowance of £40k instead of the actual amount paid which was higher than this. So example if I paid in by salary sacrifice £45k, when producing the P60 my employer shows total earning minus £40 (quoting to me the the annual allowance limit of £40k as the reason for doing this) and hence shows the extra £5k as income, when in fact it was paid into a pension as salary sacrifice, I am I therefore correct in saying the P60 is wrong ? -
Employer has reduced for 2022/2023 Salary Sacrifice in P60
I paid in excess of the Annual allowance for 2023/2022 using salary sacrifice to do it, this was done deliberately top mop up carry forward from earlier years. My employer is insisting that they can only show salary sacrifice up to the annual allowance meaning my P60 is not inline with what has actually been sacrificed, surely this is incorrect and its up to me to declare any overpayment, if needed (it isn't) on my self assessment not for them to show incorrect figures?