It is that bit between Christmas & New Year where I get round to doing my tax return.
It appears I have underpaid tax through PAYE this year and I have a slightly larger than expected tax bill to be paid in January for 2019/2020. When completing the tax return it does give the option to claim to reduce 2020/2021 payments on account just before you submit.
I had planned to top up my private pension in March where I would get additional tax relief that would work back in my favour. Is this enough to 'reduce payments on account' to pay 0 in January, on the basis of a big rebate that will be due in 2020/2021?
It appears I have underpaid tax through PAYE this year and I have a slightly larger than expected tax bill to be paid in January for 2019/2020. When completing the tax return it does give the option to claim to reduce 2020/2021 payments on account just before you submit.
I had planned to top up my private pension in March where I would get additional tax relief that would work back in my favour. Is this enough to 'reduce payments on account' to pay 0 in January, on the basis of a big rebate that will be due in 2020/2021?