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3 issues for £1

Pension Contribution Tax Relief

Sun, 07/02/2010 - 21:25

Hi,

I am hoping that someone can help me understand the tax relief relating to pensions. I contribute into a L&G Stakeholder pension scheme, my employer also contributes into this as well. Until this current tax year, my contributions (£168.23) were deduced from my Net salary and then there was an extra 20% tax relief added on when it went into the pension, as I am a higher rate tax payer I was able to claim a further 20% through my tax return.

This year the pension changed so that the full amount (210.28) is deducted from my Gross salary.

Am I eligable for any additional tax relief through my tax return?

I am assuming that I am not eligable for anymore tax relief, as my take home salary has increased (quick calculation using a £50k salart as an expample, pension deducted on net meant take home of £2814, pension deducted on gross meant a take home of £2858).

Thanks for your help with this.

Rob

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