Mike Walker
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RE: Redundancy paid into pension via employer contribution
I am obviously failing to explain this so will revert to calling the helpline again. I have already checked and confirmed with independent experts the amount to declare. The question that I keep asking is where to show that amount in the self assessment which no one has yet been able to answer. Let’s close the trail. Thank you. -
RE: Redundancy paid into pension via employer contribution
Apologies I wasn’t clear , I am above the threshold per IFA advice and know the figure I need to input , I don’t know which section to show it in to ensure NI is not in the calculation. I am already 44years fully paid so well above any requirements and im told it doesn’t attract NI anyway. When I input simply as income it seems to attract NI. As a supplementary question. The form online states in the final calculation that it ignores any payments on account and in a few days they will be reflected in your statement. Is that only after the submit button is pressed ? -
RE: Redundancy paid into pension via employer contribution
Hi. Does the moderator require more information to reply ? Thank you -
RE: Redundancy paid into pension via employer contribution
Hi. A further question apologise if it’s a silly one. I sacrificed severance to pension and with the assistance of an IFA calculated the taxable element after applying the unused element of the three years allowances. The IFA and my employer confirmed the taxable amount to show. My issue is where to show it in the self assessment there seems a large number of options :). I called the helpline but the operator and his boss both insisted it’s not taxable at all….I wish :).