Pension contributions

Posted by Martin B PM | on Tue, 07/08/2012 - 12:49 645 9 comments | report

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

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There would need to be a scheme open

ACDWebb | Tue, 07/08/2012 - 13:23

Thnaks ACDWebb. Penalty charge for over contributions?

Martin B | Wed, 08/08/2012 - 10:31

No

ACDWebb | Wed, 08/08/2012 - 10:47

ACDWebb

Martin B | Wed, 08/08/2012 - 14:17

I'd understood...

Steve Kesby | Wed, 08/08/2012 - 14:43

Enter the excess in

ACDWebb | Wed, 08/08/2012 - 15:09

Update. Thankyou all

Martin B | Wed, 08/08/2012 - 16:14

Box 1 on TR4

ACDWebb | Wed, 08/08/2012 - 18:41

ACDWebb thankyou I think i am now there

Martin B | Thu, 09/08/2012 - 09:48