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SIPP contribution - provider claims basic tax relief

Posted: February 24th, 2019, 11:22 am
by onslow
Hello,

If I make a SIPP contribution this tax year, the provider will claim basic tax relief (20%) from HMRC. However this process usually takes a month before the funds are credited

My question is, if the basic tax relief funds are credited in the next (2019/2020) tax year, will they count against the 2019/2020 or 2018/2019 annual allowance limit?

Re: SIPP contribution - provider claims basic tax relief

Posted: February 24th, 2019, 11:39 am
by PinkDalek
The relevant date is the date of the pension contribution, not when the tax relief is credited.

Re: SIPP contribution - provider claims basic tax relief

Posted: February 24th, 2019, 7:27 pm
by onslow
Thanks Pink!