Higher Income Tax - How to Claim Pension Tax Relief | Extra 20% Boost
Higher Income Tax - How to Claim Pension Tax Relief. In this video we understand how an individual who is a Higher Rate or Additional Rate Tax Payer can claim on the extra Tax Relief towards their Private Pension.
We understand how if the provider operates Relief at Source, Net Pay Arrangement or Salary Sacrifice affects if an individual needs to actively claim on the relief.
Chapter Information (Higher Income Tax - How to Claim Pension Tax Relief ):
0:00 Introduction
0:50 How Tax Relief on Pension Work?
5:27 Why bother claiming on the extra Tax Relief?
5:50 Another Alternative: Salary Sacrifice
6:41 How to claim the extra relief
8:16 Claiming via Tax Return
12:31 Claiming via Phone or Post
🔹 Financial Madness - Salary Sacrifice Explained
https://youtu.be/CAXzBZM0M5g
🔹 HMRC: Contact Details Phone and Post
https://www.gov.uk/government/organisations/hm-revenue-customs/contact/income-tax-enquiries-for-individuals-pensioners-and-employees
🔹Gov.uk - Self Assessment Tax Return 2021
https://www.gov.uk/government/publications/self-assessment-tax-return-sa100
🔹Gov.uk - Self Assessment Tax Return 2021 (Help Document)
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/975548/sa100-2021.pdf
🔹 Gov.uk - Register for Self Assessment
https://www.gov.uk/register-for-self-assessment
🔹Gov.uk - Self Assessment Deadlines
https://www.gov.uk/self-assessment-tax-returns/deadlines
🔹 Which? - Private Pensions
https://www.which.co.uk/money/pensions-and-retirement/personal-pensions/contributing-to-a-private-pension-explained/tax-relief-on-pension-contributions-explained-a27f53z7qg3f
🔹 Unbiased - Claiming higher rate tax relief
https://www.unbiased.co.uk/life/pensions-retirement/how-to-claim-higher-rate-tax-relief-on-pension-contributions
DISCLAIMER - Any advice or (statements perceived to be advice) given in this video and any other videos on my channel are for information purposes only, and does not act as financial advice. Your are fully responsible for your financial decisions. If you are in need of Financial Advice, please seek out a professional advisor. If your are unsure on how to do this, feel free to reach out to me and I am more than happy to guide you.
#PensionTaxRelief #Pensions #HigherIncomeTax
Видео Higher Income Tax - How to Claim Pension Tax Relief | Extra 20% Boost канала Financial Madness
We understand how if the provider operates Relief at Source, Net Pay Arrangement or Salary Sacrifice affects if an individual needs to actively claim on the relief.
Chapter Information (Higher Income Tax - How to Claim Pension Tax Relief ):
0:00 Introduction
0:50 How Tax Relief on Pension Work?
5:27 Why bother claiming on the extra Tax Relief?
5:50 Another Alternative: Salary Sacrifice
6:41 How to claim the extra relief
8:16 Claiming via Tax Return
12:31 Claiming via Phone or Post
🔹 Financial Madness - Salary Sacrifice Explained
https://youtu.be/CAXzBZM0M5g
🔹 HMRC: Contact Details Phone and Post
https://www.gov.uk/government/organisations/hm-revenue-customs/contact/income-tax-enquiries-for-individuals-pensioners-and-employees
🔹Gov.uk - Self Assessment Tax Return 2021
https://www.gov.uk/government/publications/self-assessment-tax-return-sa100
🔹Gov.uk - Self Assessment Tax Return 2021 (Help Document)
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/975548/sa100-2021.pdf
🔹 Gov.uk - Register for Self Assessment
https://www.gov.uk/register-for-self-assessment
🔹Gov.uk - Self Assessment Deadlines
https://www.gov.uk/self-assessment-tax-returns/deadlines
🔹 Which? - Private Pensions
https://www.which.co.uk/money/pensions-and-retirement/personal-pensions/contributing-to-a-private-pension-explained/tax-relief-on-pension-contributions-explained-a27f53z7qg3f
🔹 Unbiased - Claiming higher rate tax relief
https://www.unbiased.co.uk/life/pensions-retirement/how-to-claim-higher-rate-tax-relief-on-pension-contributions
DISCLAIMER - Any advice or (statements perceived to be advice) given in this video and any other videos on my channel are for information purposes only, and does not act as financial advice. Your are fully responsible for your financial decisions. If you are in need of Financial Advice, please seek out a professional advisor. If your are unsure on how to do this, feel free to reach out to me and I am more than happy to guide you.
#PensionTaxRelief #Pensions #HigherIncomeTax
Видео Higher Income Tax - How to Claim Pension Tax Relief | Extra 20% Boost канала Financial Madness
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
![What to expect AFTER BREXIT!!! | Impact on Investments, Food, Travel..](https://i.ytimg.com/vi/jR6VIbbYt5k/default.jpg)
![Teacher Pension Schemes Explained. #shorts #personalfinance](https://i.ytimg.com/vi/WVMQyojNszc/default.jpg)
![Moving Abroad? What happens to your Pension? #shorts #pension #abroad](https://i.ytimg.com/vi/JwzSP8d1vnc/default.jpg)
![10 Financial Mistakes NOT TO DO In 2023](https://i.ytimg.com/vi/z1tZ-F5MjBs/default.jpg)
![NHS Pensions | 2015 Scheme | #Shorts](https://i.ytimg.com/vi/zW1BV8chXtM/default.jpg)
![How to Green Invest | Green Saving Bond & Green Investing](https://i.ytimg.com/vi/b4rvfpPokwQ/default.jpg)
![Energy Bill Support Scheme Explained | £400 for All Households PLUS MORE for Vulnerable Groups](https://i.ytimg.com/vi/-FCix9w4b2Q/default.jpg)
![Tax Relief Investing | VCTs Explained](https://i.ytimg.com/vi/qFx7f9lbCJE/default.jpg)
![How to claim Work From Home Tax Relief | Walkthrough](https://i.ytimg.com/vi/FVAvz08Oxs8/default.jpg)
![Help to Buy Equity Loan Explained | Pros and Cons | First Time Buyers](https://i.ytimg.com/vi/TQj3mSz7KDA/default.jpg)
![95% Guaranteed Mortgages | All you need to know | Good or Bad?](https://i.ytimg.com/vi/3kCNud-siS8/default.jpg)
![How to AVOID Inheritance Tax | Tax Allowance FROZEN until 2026!](https://i.ytimg.com/vi/2a-mbgxyBH4/default.jpg)
![How much you NEED to Buy a House! | FREE BUY A HOUSE CALCULATOR](https://i.ytimg.com/vi/5UseuOae7r4/default.jpg)
![Lowering Your Debt: Tips For Making Repayment More Affordable](https://i.ytimg.com/vi/4qfLn_J4o68/default.jpg)
![Will the State Pension Survive? #shorts #pension](https://i.ytimg.com/vi/C0q6tb41lpQ/default.jpg)
![Meme Coins Explained | The Good and The Bad | Should You Invest?](https://i.ytimg.com/vi/tI4Dn3gqSdk/default.jpg)
![Buy to Let 2021 Explained | Pros and Cons | Is it worth it?](https://i.ytimg.com/vi/mavhOo3lWbo/default.jpg)
![Things To Do Before And After Moving To UK 2022 | Bank Account | NI Number etc.](https://i.ytimg.com/vi/YyfetFJbLOs/default.jpg)
![You Are LOSING MONEY And You Don't Even Know It | Inflation Explained](https://i.ytimg.com/vi/l32aWBP2PLQ/default.jpg)
![How to START your YouTube Channel 2021 | Tips you have NEVER seen before!!!](https://i.ytimg.com/vi/3WeAKTf4FlM/default.jpg)
![How to IMPROVE your Credit Score FAST!!! | Credit Score Explained](https://i.ytimg.com/vi/sshGDozxnn0/default.jpg)