If an employee contributes to their company run pension scheme via the company payroll does this need to be included in their personal tax return?
Replies (1)
Please login or register to join the discussion.
It depends whether the contributions are deducted after tax or before i.e. what kind of pension scheme. NEST is generally taken after tax, with the contributions being taken net of basic rate tax, so these will need to be included in the taxpayer's tax return. Where contributions are deducted before tax, the taxable pay figure should be after deducting the pension contributions, so those contributions won't be included on the tax return.