15 Feb 2017, 00:38
15 Feb 2017, 17:21
16 Feb 2017, 11:57
16 Feb 2017, 12:47
16 Feb 2017, 23:19
17 Feb 2017, 21:59
27 Feb 2017, 21:50
27 Feb 2017, 22:20
foxyjarvis wrote:Robert, thanks again for the clarity of your answer. I'll look into whether I can carry forward any unused allowance.
Nataddick, I sent a cheque for the lump sum quoted to Sheffield, who issued me with a tax certificate for that amount, which I forwarded on to HMRC. Three weeks later I got a full tax rebate in my wages and they changed my PAYE code. There is now a 8k disparity between my Assessable Pay and new PAYE tax code with 6 weeks left in the yr. It seems that if you ring up asking for a lump sum quote they do not check if you have been making AVC payments through your wages. My lousy pension knowledge added to the confusion, an embarrassing faux pas to be honest.
28 Feb 2017, 05:47
Thebag wrote:It's not the putting into the AVC that's the problem, it's getting it out, my understanding is you have to get someone to buy it
The pensions people are good at getting you to join this, not so good at helping get it back.
28 Feb 2017, 05:49
jetblack wrote:Still not 100% sure whats gone off here - but, just for information, when I've made payments into my SIPP the SIPP provider has reclaimed the tax (tax which I haven't paid BTW) and added it to my SIPP account - IIRC around 5 weeks later.
Lump sum payments to the RM AVC's sound like a right ball ache by comparison.