I’m busy studying Income Tax Returns. In my mock exam’s Question 4, it shows that Daniella contributes to an Independent Retirement Fund. But it doesn’t show that you include it when doing Part A.
Should you not include it to get a tax deduction? I know that you can if it’s towards a company’s RA.
Because the question states that her employer does not take her RA contributions into account when calculating her PAYE, this should not be included in the PAYE calculation.
The employer is not obligated to include this, unless the employee has provided proof of the contributions – in this case we are assuming she has not. Daniella will therefore only claim the deduction when she submits her annual return.
Hope that helps!
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