Apologies if this is a stupid question but I'm trying to work out what my pension contributions are for the purpose of claiming higher rate tax relief on them on my tax return.
My employer matches my pension contributions.
On my pay slips only my contribution is shown.
On my pension statement, the combined amount (mine and employer's) contribution is shown.
I'm assuming that tax has been collected at basic rate on my contribution only, so the gross total of these contributions will be the figure I enter on my tax return.
However, if that's the case, is my employer paying the tax on their contribution (and if so, how do they know my rate of tax?). It also seems strange that the only way to get my total contribution is to go through every pay slip as my contributions are not listed separately on my pension statement.
So if I pay £100 per month, employer also pays £100 per month, total paid into pension is £2400 per year of which I've paid £1200 net of basic rate tax.
Do I enter £1500 (1200/80*100) or £3000 (2400/80/100) on my tax return?
Thanks
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