Pension carry forward and self assessment

Pension carry forward and self assessment

Author
Discussion

SpagBog

Original Poster:

218 posts

243 months

Saturday 26th April
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Hi all. Could I have a little help with tax returns please.

As a PAYE, for the first time I’ve made contributions to an employer’s pension plan last tax year over the £60k allowance. Simply put I want to use the carry forward of previous years to avoids charges

I’m confused with whether I need to make a self assessment. On the initial online check list, HMRC says I need to, but because I can carry forward previous years’ allowances and there are no charges due, I don’t need to.

Please can someone clarify. Thanks

Bruggy

130 posts

203 months

Thursday 1st May
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I'm in the same situation this year and found this on the HMRC website - read the section titled "Unused annual allowance carry forward" It looks like if you have unused allowance from previous years to accomodate the amount over £60k then HMRC are saying they don't need to know and the wording says "you do not need to show this on your tax return " So maybe you need to do one, even it achieves nothing.

https://www.gov.uk/government/publications/pension...