Agency Only Offers PAYE - No Umbrella

[breaktwister]

If you pay into a pension privately then you get an automatic base rate credit.

So pay in 80 and your contribution becomes 100.

So if I want to put in 40k I only need to pay my SIPP provider 32k and they will get the other 8k from HMRC? That's much better than waiting for SATR, I have written to ask the SIPP company about this.

[Lance]

So if I want to put in 40k I only need to pay my SIPP provider 32k and they will get the other 8k from HMRC? That's much better than waiting for SATR, I have written to ask the SIPP company about this.

this thread has picked up some bad maths along the way.

Point 1 (not about the maths) - for these sort of sums speak to an IFA.......

Point 2 - If you are a 20% tax payer, and pay £32k personally into your pension, the sum in the pension will be £38.4k (not £40k).
20% of £40k is £8k. 20% of £32k is £6.4k