Pensions contributions due by ?
On a reasonably regular basis I am asked by clients to establish the amount of pension contribution they can make in order to maximise the tax benefit, which I have no problem in calculating.The next question is invariably,"When do I need to make that payment into my pension by?"
My answer is that technically the amount can be paid to the scheme administrator by 5th April 2001 if you wish it to be treated as having been made in the year 1999/2000, although if you wish the payment due on / by 31st January 2001 to be reduced you obviously need to make the payment before that date.
Am I correct? Or am I badly sadly wrong? I just cant seem to find this written down anywhere.
Any help would be very gratefully received.
- Excel query 23 1
- Payment on account penalties 49 3
- Tax on free shares 94 5
- Flat Rate Vat 14.5% and 5% reduced rate VAT 171 3
- What font do you prefer to use for correspondence? 165 8
- Capital allowances on sale and puchase of business assets 107 1
- Audit 447 14
- Course costs for retraining as a barrister 373 8
- PPR relief and half hectare rule 101 3
- Buying a horse?? 384 12
- Question on HMRC past taxes (+penalties) on non-resident 179 2
- Uncomfortable with some advertising Sift takes 733 21
- PITA ex-client 208 9
- How to post Sales figures in Sage50 Accounts (we use separate Sales ledger) 237 6
- CTA and Tolley's tax handbooks 347 9
- Can I contribute to SIPP if I pay no salary/dividend from ltd company 320 5
- How to complain about HMRC 1,663 19
- New supplier 141 3
- What quality paper do you use for correspondence? 824 22
- Capital allowances on a 3G Pitch 250 13
- CTA study material 798
- Anyone have clients that use Pay4Later to offer customers credit? 490
- Raiders of the Lost Tax File 451
- Employment related securities question 317
- AIM Stocks and IHT 303
- Expat pension contributions? 276
- Tax Relief for overseas employees 273
- Trust for Employee 252
- Service Charge Accountant Career Options 219
- IPP (International Pension Plan) income 157