I started a pension at the end of October last year. I am a PAYE worker. I decided to make a lump sum payment to get the pension started and then contribute monthly to it.
I'm a bit confused as to how I getr my tax relief on these contributions!!
For the lump sum I expected that I would get a refund of tax paid from 2006 but so far no juicy cheque from Revenue has arrived.
I also expected to see some sort of tax credit included on my statement of tax credits but it came in the post the other day and no mention of any pension relief on it.
How exactly is the relief on lump sum and these monthly contributions given?
This may have all been explained to me by my broker but it either went over my head or I have forgotten what was said.
I'm a bit confused as to how I getr my tax relief on these contributions!!
For the lump sum I expected that I would get a refund of tax paid from 2006 but so far no juicy cheque from Revenue has arrived.
I also expected to see some sort of tax credit included on my statement of tax credits but it came in the post the other day and no mention of any pension relief on it.
How exactly is the relief on lump sum and these monthly contributions given?
This may have all been explained to me by my broker but it either went over my head or I have forgotten what was said.