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      01-14-2013, 03:06 PM   #1
RCUK
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Self Assessment Tax Return & Pension!

Guys,

Doing my tax return... and filling in allll those bloody boxes.

Anyway... question am i right in thinking i deduct the pension contributions i made towards my pension from the Pay figure i enter??

Im sure i did this last year but just want to make sure
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      01-14-2013, 03:19 PM   #2
peterg1965
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I dont think you do, is it a full return or short one? There is usually a seperate box/section for amounts paid towards recognised pension schemes. I could be wrong though, mine is for employee and if you are self employed it may be different.
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      01-14-2013, 03:34 PM   #3
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I lost my P60 (cos im rather bright like that...) so i have a Statement of Earnings from my previous employer.

All it shows is my Previous Pay and Tax Paid ...

Bloody confusing...
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      01-14-2013, 04:38 PM   #4
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There's a question at the start asking whether you paid money into a pension, tick yes.

Put the gross pay and tax in the earnings supplement. No pension deductions.

You will get asked separately what your pension payments were, put your amount here.

Only put in what you actually paid/had deducted.
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      01-14-2013, 06:03 PM   #5
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As far as I'm aware it's a +1 to my fellow 'Zed'man. I never get to see the self-assessment form myself, even my own is handled by my Accountant, I just sign whatever I'm sent!!! I'm very confident it's the 'gross' pension contribution you insert when prompted so just be careful there (the figure won't be the figure you see leaving your payslip/bank account - that would be too easy).
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      01-14-2013, 06:14 PM   #6
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Quote:
Originally Posted by rogerxp View Post
I'm very confident it's the 'gross' pension contribution you insert when prompted so just be careful there (the figure won't be the figure you see leaving your payslip/bank account - that would be too easy).
so an easy way to do this (assuming it's a registered pension scheme) is to get your payments, divide by 80 and times by 100 (to gross up for the 20%), and thats the magic figure to put into the return - Box 1 under tax reliefs.

bo
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