Enter NHS Practitioner Pension Schemes in Personal Tax
There are two elements of NHS pensions for Self Assessment purposes:
- The cash amount paid by the employee (not paid via PAYE)
- The increase in the value of the fund.
Cash amount paid by the employee (not paid via PAYE)
- SelectEdit,Pension Contributions, and thenOther.
- Mark theNHS Practitioner Schemecheckbox.
- Enter the gross amount of cash pension paid.
note
- If you selectRelievable Premium, the amount will appear on the tax return in box 3, page TR4 and will give relief by way of deduction in the tax computation. It will not be considered for the Annual Allowance excess and not trigger an excess charge. Instead, it will be taken into account in the AA Tapering calculations by reducing the amount of net income.
- If you selectRise in Value, it will not show on the tax return at all and no relief will be given in the computation. It will not be considered for the Annual Allowance excess and not trigger and excess charge. It will not change the AA Tapering calculation.
Increase in fund value
The information you've been provided with determines how you should enter the pension. The calculated fund amounts will not appear on the tax return, but are used to calculate whether there should be an excess Annual Allowance charge. This amount will also pull through to the Annual Allowance Tapering.
- If you have a note of the increase amount, selectTools,thenPension Plannerand enter the amount in theIncrease - NHS Practitionerrow.
- If you need to calculate the increase, do one of the following:
- SelectDefined Benefits: Manageand enter the relevant service factor, the length of service, and the amount of income at the start of the period and the amount of income at the end of the period.
- SelectNHS Practitioners: Manageand enter either theTotal NHS Dynamised Earningsamount or theAccrued Pensionamount.noteIf you need to know how Dynamised Earnings are calculated, contact the pension scheme.