Self Assessment

Hades · 30 Jan 2018 at 10:35

Moses said:
You want to submit a paper form now? You missed the deadline by quite a way!

Yup that was the first thought that occured to me too. I guess he may be able to send it guaranteed next day delivery.

The_Abyss · 30 Jan 2018 at 10:44

String said:
OK,

Before I start giving out template letters and advising this fella on how to claim his last 4 years back, can we nail this issue regarding salary sacrifice? It's niggling at me that it's been challenged a couple of times now.

I am weekly paid.
My wage slip has all the info on it, structured like this (personal info removed, obviously):

1. Total gross pay = £****

2. Deductions =

NI A = £***

PAYE = £***

Legal & General = £***

Total Paid = 1-2

I suggest that the above clarifies that it is not a salary sacrifice contribution. If it was then the pension contribution would normally be shown as a negative on the payments side after your gross pay, i.e. - £140 rather than as a deduction.

Kemik · 30 Jan 2018 at 10:45

leaskovski said:
His won't be salary sacrifice if his pension company is paying 20% into it.

Is he sure that is happening? Most employers salary sacrifice to save admin and NI.

Easiest way to work it out is:

Take your gross salary.
Multiply it by the % you ask them to pay.
Is the amount that is deducted from your payslip less than that?
Look at your pension statement. Do your contributions match what comes out of your payslip?

Your employer should be able to tell you if they salary sacrifice or if you need to claim the additional pension contribution.

The_Abyss said:
I suggest that the above clarifies that it is not a salary sacrifice contribution. If it was then the pension contribution would normally be shown as a negative on the payments side after your gross pay, i.e. - £140 rather than as a deduction.

Not always. It depends on the employer's payroll software.

Dirk Diggler · 30 Jan 2018 at 10:47

@The_Abyss I've had a quick phone call to Legal & General and they have confirmed what you have said.

My pension payments are sent to the L&G fund in 2 lots; a sum from my employer and a sum from me. My wage slip also has separate yearly totals for my contributions and my employers contributions. This means that it is not salary sacrifice, because if it were then there would only be one contribution going to Legal & General.

@leaskovski can you confirm how your payments are made before I post the details on how to claim back 4 years.

Kemik · 30 Jan 2018 at 10:51

String said:
@The_Abyss I've had a quick phone call to Legal & General and they have confirmed what you have said.

My pension payments are sent to the L&G fund in 2 lots; a sum from my employer and a sum from me. My wage slip also has separate yearly totals for my contributions and my employers contributions. This means that it is not salary sacrifice, because if it were then there would only be one contribution going to Legal & General.

So L&G confirmed it is a relief at source pension rather than net pay scheme?

Dirk Diggler · 30 Jan 2018 at 10:57

Kemik said:
So L&G confirmed it is a relief at source pension rather than net pay scheme?

They did not use the terminology you have used there, if you read my last sentance in the previous quote I got her to confirm that statement to me twice. If there are 2 separate payments showing, then it is not salary sacrifice.

leaskovski · 30 Jan 2018 at 11:43

String said:
@The_Abyss I've had a quick phone call to Legal & General and they have confirmed what you have said.

My pension payments are sent to the L&G fund in 2 lots; a sum from my employer and a sum from me. My wage slip also has separate yearly totals for my contributions and my employers contributions. This means that it is not salary sacrifice, because if it were then there would only be one contribution going to Legal & General.

@leaskovski can you confirm how your payments are made before I post the details on how to claim back 4 years.

Ive spoken to one of the finance guys at the firm I work with, and he agreed with me, that ours is not salary sacrifice, and that I should be claiming that extra tax back. My pension is paid, and my pension provider then pays 20% on top of my payment as a "tax relief".

That is a double confirming to me, so I should be putting it on my SA and getting that money back, and I should be calling them up with my previous pension statements to claim the last however many years I can claim back.

Hades · 30 Jan 2018 at 12:41

Moses said:
Online is 31st Jan... paper was 31st October!

Ouch! I always do it online was didn't realise that. I had a lovely surprise this year. After submitting my latest return the HMRC wrote to me and said I no longer needed to do them each year. Niiiice

Dirk Diggler · 30 Jan 2018 at 12:42

leaskovski said:
That is a double confirming to me, so I should be putting it on my SA and getting that money back

Send me a Trust and I'll send you a template letter.

leaskovski · 30 Jan 2018 at 12:49

String said:
Send me a Trust and I'll send you a template letter.

Thanks, but speaking to other people in the office, i can do it over the phone. Depending on how that works out, I may or may not "trust" you. Cheers

ChroniC · 30 Jan 2018 at 21:33

I have to go to the bank on my lunch tomorrow. My own fault for leaving it to the last day but I was gona pay some of it with credit card, only to find out that the ***** have stopped you using a personal credit card. So now I hae to do a money transfer and pay it at the counter.
Shouldn't have left it to the last day :/ oopps.

Raymond Lin · 30 Jan 2018 at 21:44

Just paid mine online.

leaskovski · 30 Jan 2018 at 21:56

ChroniC said:
I have to go to the bank on my lunch tomorrow. My own fault for leaving it to the last day but I was gona pay some of it with credit card, only to find out that the ***** have stopped you using a personal credit card. So now I hae to do a money transfer and pay it at the counter.
Shouldn't have left it to the last day :/ oopps.

Yeah, this is highly annoying and the fall out from the credit card fees rule change, though i noticed business credit cards can still be used with a fee. I wonder if that still accepts personal credit cards via that option?

Raymond Lin · 30 Jan 2018 at 22:00

leaskovski said:
Yeah, this is highly annoying and the fall out from the credit card fees rule change, though i noticed business credit cards can still be used with a fee. I wonder if that still accepts personal credit cards via that option?

I saw that too, shame because I would’ve liked to get some Avois points.