reverse tax paid

Hi, how much tax at BR has been paid on 926.95?
I have been getting a pension taxed at BR of 1 month at 76.76 then 11
months at 77.29. What is the pension before tax?
Thanks, Ron.
Reply to
Rocket Ron
If by "taxed at BR" you mean that your personal allowance has not been applied to this income, then given that the BR is 20%, then your net pension must be 80% of your gross pension. So, to get your gross pension, you need to divide £926.95 by 0.8, which gives £1158.69. But because only whole pounds enter the tax calculation, you need to apply a small adjustment.
I make it £1158.55; the 55p are ignored and the tax is 20% of £1158, which is £231.60.
Reply to
Ronald Raygun

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