QsforSE K
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RE: Private pensions and paying into them via Ltd company
I am the director of a limited company and and an employee on payroll. I have made monthly contributions to my work place pension (along with a monthly contribution from my employer) from PAYE, and also have made regular contributions to another private pension. I complete a self assessment tax return to claim due tax relief as I am a higher rate tax payer. I understand that personal contributions, and tax relief (but not the monthly employer contributions?) made to my work place - and personal contributions, and tax relief paid into my personal pension, should be included in my self assessment tax return. My limited company has also made a lump sum directors contribution to my private pension. I understand that this will be deductible from corporation tax and therefore should NOT be included in my personal pension contribution total as it is not eligible to be considered for personal tax relief. However, as I understand it, this lump sum contribution WILL count as part of the £60k total pension contribution limit. Please could you confirm that I understand the above correctly as confirm where (if anywhere?) in my self assessment tax return I should enter the lump sum directors contribution?