Hi,
Any tax experts out there?!
I'm filling in my 2009/10 form online as we speak and am stuck at the following entry:
Payments to registered pension schemes where basic rate tax relief will be claimed by your pension provider (called 'relief at source'). Enter the payments and basic rate tax:£
I do pay into a private pension scheme but directly via my PAYE rather than out of my bank account.
So, on my payslip I have 3 entries in the 'deductions' column, namely: Tax, N.I. and Employee Pension Contributions.
(note: my employer also contributes to my pension separately from the company bank account, so this is definately "employee contribution" I'm talking about here)
So, (I think) my question is: are my monthy deductions before or after tax and does this affect what I put in the above box?
Yes, I know I could give the tax office a call but having spent 3 days dealing with insurers etc over a collapsed drain I don't think I could stomach spending anymore time on the phone this week! And I can't find my pension statement at the moment, which I guess would help.
Cheers for any help :-)