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After a visit from the Pru I've been told that my pension isn't having the 20% added and that I have to claim it.
My accountant says it's nothing to do with them and the Pru need to sort it ,even though they ask for my pension details every year .
Who should I get shirty with?
I'm self employed.
When you say "20%", do you mean tax relief (on your contributions)?
Assuming yes, I'd call HMRC to make sure the scheme is registered with them as I believe (happy to be proved wrong) that they're the ones who supply the relief cash.
I'm assuming it'll be similar to PAYE and that you should be claiming the 20% relief via your tax return.
Also it could be a paperwork issue. Your accountant may be claiming the relief but it might not be broken down correctly on the data going to the Pru?
Self-employed through a LtdCo, or sole trader?
(The simple answer is you don't chase the Pru, it's done within your tax return that the accountant does, but the detailed answer is a little different depending on whether it's LtdCo or sole trader)
Exactly what should be happening depends on your situation and your accountant should know that so I’d query it with them. Self employed as sole trader, partnership or LTD Co? Higher rate tax payer?
Regardless, this should help
https://www.gov.uk/tax-on-your-private-pension/pension-tax-relief
We are in a partnership.
Sole trader here. I've got some with vanguard and HL and with both I put in the money then about 6 weeks later the 20% gets added automatically. I just have to confirm the amount on my self assessment at the end of the year, no claiming it required. Doesn't sound right and like something your account should be up on if you are paying them.
Definitely not right, if you are registered as a taxpayer they should be getting it automatically. I have a SIPP and payments are added a few weeks after each contribution.