Reclaiming PIRAS?

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Discussion

The Fly Fisher

Original Poster:

205 posts

203 months

Saturday 14th March 2009
quotequote all
Not sure its still called PIRAS actually, but how should a higher-rate tax payer (who doesn't need to do a self-assessment tax return) reclaim higher rate tax releif on contributions made to a personal pension plan?


sprinter885

11,550 posts

242 months

Saturday 14th March 2009
quotequote all
PIRAS is basic rate relief at source (i.e.paid net of basic rate tax). The balance between basic & HRT needs to be reclaimed via tax code. Ring your office of the I Rev. (Not sure if higher rate relief still applies to PPP contributions actually-think it does)