hi all I just want to check in case I am missing something.
teacher pays into teachers pension scheme salary circa £40k with 4K pension contributions.
other income takes total income into the higher rate of tax to £60k
so the pension contributions would go into the tax return to extend the basic rate band to save tax at the higher rate?
Many thanks
Replies (3)
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Depends if contributions were net or gross. Last time I checked for a teacher I know, it was from gross pay, therefore no additional tax relief was due
The net pay arrangements give marginal rate relief. The contributions come off before the taxable pay is calculated.
You don't necessarily need a SA return for this.
Check the position and make a claim by letter.