Pension contributions

Just acquired a new client and am preparing his 2011/12 SA tax return.

For 2011/12 he has made pension contributions of £120k net (£150k) gross. This is a new pension and he tells me he has no previous pensions.  IFA advised him he could use £100k unused allowances b/f. I have looked into this and am struggling to see how he can get relief on the unused b/f allowances of £100k. Any help would be appreciated.If this helps many years ago he did work for a company for three month only, employer started to contribute to a scheme but took the contributions back and scheme was closed.   

 

 

Comments
There are 9 comments. Login or register to view them.

There would need to be a scheme open

ACDWebb |
ACDWebb's picture

Thnaks ACDWebb. Penalty charge for over contributions?

Martin B |

No

ACDWebb |
ACDWebb's picture

ACDWebb

Martin B |

I'd understood...

Steve Kesby |
Steve Kesby's picture

Enter the excess in

ACDWebb |
ACDWebb's picture

Update. Thankyou all

Martin B |

Box 1 on TR4

ACDWebb |
ACDWebb's picture

ACDWebb thankyou I think i am now there

Martin B |