gp salaried and locum tax reurn

gp salaried and locum tax reurn

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one GP has salaried job and also locum job on self employed basis.
the pension from salaried job is total gross on every monthly wage slip (for 5 months)is 4156.91 and gross for tax is 3890.29 (deducted employee pension 266.62 before tax).3890.29 minus tax = 3489
than employer pension(401.36) deducted from net amount after tax and remaining salary paid to the gp.
My question is
From salaried job in above scenario will any pension figure will go to the tax return if yes than what figure(both employee or employer pension or any of these and on which box.I think box 3 of TR4.)

Replies (15)

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By All
11th Jan 2016 09:40

superannuation
Is normally deducted on the P60

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RLI
By lionofludesch
11th Jan 2016 09:53

Agree

You just need to check that that's happened.

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By nadzaf112
11th Jan 2016 09:54

Thanks for reply but I was wondering if not write pension figure of employment on tax return how it will calculate tax amount correctly

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RLI
By lionofludesch
11th Jan 2016 10:09

Not included

Don't include the pension payments in salary.

Gets it right every time, no matter what your marginal rate.

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By Marion Hayes
11th Jan 2016 10:46

Follow the P60

If you use the total taxable pay for the year figure it will have already been adjusted for superannuation so no entry is needed on the return. You should see a different total salary for NIC as that will be the full salary.

You will need to see the payment slips for the locum income / self employment as some services do also have superannuation deducted at source which will need to be claimed on the return as it is not an expense of the self employment

Doctors are a very specialist area and you could talk to a local accountant who is a member of AISMA  

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By nadzaf112
12th Jan 2016 14:08

Salary for tax and salary for Nic are different
Thanks but what figure should I write on tax return for employment income without any adjustment to pension

1) total salary for tax (only employee pension is deducted from gross salary)

OR

2)total salary for Nic (both employee and employer pension deducted from gross salary)

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By Marion Hayes
12th Jan 2016 14:16

P60 tells you

On the employment page you enter the total taxable pay for the year.

You must be reading boxes wrong as there is no figure which deducts both employee and employer pension contributions. The salary shown in the NIC section is the gross before any deductions and will be the same or higher than the taxable pay figure.

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By WESTA
12th Jan 2016 15:34

 

 

Q1. Do the 20% tax payers need to declare their auto enrol. pension contribution in their individual tax return ?

 

Q2 - Do the 40% tax payers need to declare their auto enrol. pension contribution in their individual tax return ?

 

If yes where ?

 

Please.

 

Thank you

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RLI
By lionofludesch
13th Jan 2016 10:09

No

They just get less gross pay.

Tax is automatically correct.

For example...

Employee's salary is £10000

AE pension at 1% £100

P60 says  £9900.  Hurrah !!

 

Sometimes I think we lose understanding by relying on software ..............

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Replying to I'msorryIhaven'taclue:
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By WESTA
13th Jan 2016 11:49

would the situation be changed for a 40%  or higher tax payer ?

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Replying to nutwood:
RLI
By lionofludesch
13th Jan 2016 12:47

Prove it yourself

WESTA wrote:

would the situation be changed for a 40%  or higher tax payer ?

No.

You can prove it yourself with a biro, back of an envelope and a calculator.

Thanks (1)
By Marion Hayes
13th Jan 2016 10:19

@Lion

back to pen and paper - much quicker, especially given my IT problems since the beginning of December. At least no service has at least risen to an upload of 11 now - sometimes I wish I knew what that meant.

Just wondering if you still had to apply for net pay arrangements or if autoenrol was automatically in - I don't remember reading about that aspect

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Replying to SteveHa:
RLI
By lionofludesch
13th Jan 2016 14:29

One

Marion Hayes wrote:

Just wondering if you still had to apply for net pay arrangements or if autoenrol was automatically in - I don't remember reading about that aspect

I've only got one AE case so far, but the P60 shows gross pay (for tax) net of pension contributions.

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By WESTA
14th Jan 2016 12:03

If relief at source method ( net contributions) is used, higher and additional rate taxpayers have to claim further tax relief via self assessment tax returns.

The extra relief is given by extending the basic rate band .

PM for more details.

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By Marion Hayes
16th Jan 2016 14:06

email from regulator received

just after receiving WESTA post above.

Subject - Tax Relief

A scheme with a lot of low paid employees advised to opt for non-net pay arrangement so low paid do not lose out on tax relief -

Option can only be made once for the scheme

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