From: "Andy Pandy" 
Newsgroups: uk.finance
Subject: Re: Claiming tax relief for previous years
Date: Fri, 21 Jul 2006 20:36:14 +0100


"BrianW"  wrote in message
news:8nOvg.15906$v02.6745@newsfe3-gui.ntli.net...
> Andy Pandy wrote:
> > "BrianW"  wrote in message
> > news:JS3tg.110$q4.46@newsfe4-gui.ntli.net...
> >> I have omitted to claim high rate tax relief for my company pension
> >> payments for the last 4 years, because I was originally under the
> >> impression that this would be handled automatically.
> >
> > It is, nearly always. If it's a company pension and you're in PAYE the payments
> > should be deducted from your salary before tax is applied. Is this not the case?
>
> I originally thought that the tax would be refunded at the prevailing
> rate (in my case 40%), but I was wrong. Basic rate tax is refunded, but
> you have to apply for 40%.

Well it's a very weird "company pension" then.

Aren't the pension payments deducted from your salary? Don't you get totals each
month for "Gross pay", "pension payments", and "taxable pay", where "taxable pay" =
"gross pay" minus "pension payments"?

If so, you ARE getting full tax relief on your pension payments already.

--
Andy