Richard Mead

Hello, I have completed many searches but am still a little confused on this topic. My question is this - Can I carry forward higher rate tax relief to current year pension contributions. Illustrative example – Assume that there is no company pension contributions to keep things simple Earnings FY 24/25 = £80,000 Higher rate tax contributions = £80,000 - £50,270 = £29,730 Sipp pension contributions = £50,000 Therefore, basic rate relief will be applied at source +£12,500 Plus, I would be entitled to claim back £5,946 of higher rate relief. Now, if my earnings for FY 23/24 were again £80,000 and I didn’t make any pension contributions at all, would I have £29,730 (£80,000 - £50,270) of higher rate relief in hand that I could use to claim more tax back on my contribution in FY 24/25? In other words can I claim an additional £6,554? Thanks in advance for any insights offered