Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hi.My understanding is that at your level of salary the pension contribution for 2013/14 was about 10.1% of gross salary which equates to about £5,000 in your case. That should show as "superannuation" somewhere on your P60. You pay tax on the net of pension contribution salary which is £45,000, the gross for tax purposes in the gross pay box.I hope this helps but let me know if you have nay further questions.
Thanks very much. I don't see superannuation mentioned on the P60 or P45. The question was asked because I'm filling out a tax return and got stuck with q.1. on the employment page. I was going to add the figures from the P45 and P60 together but I now think I should fill in two employment forms as the employer changed when the school converted. Do you agree?
As you got a P45, you should complete two sets of employment pages, expecially if there are two different PAYE references. If you handed your P45 to your new employer, then the P60 should have shown both the previous employment pay and tax and the current employment pay and tax. Your payroll people will be able to confirm the pension contribution you paid.