How Can I Add Previous P.60 Details Into SAGE SoleTrader i.e. two separet P.60's pertaining to other Pensions?
How Can I Add Previous P.60 Details Into SAGE SoleTrader i.e. two separet P.60's pertaining to other Pensions?
Hi Martin,
Thanks for using Community Hub.
If you wish to record p60 details you can record them as transactions in sage sole trader and state the date that they were paid or received, you would just need to find a suitable Category that is available for the transaction type, if you can't we would recommend reaching out to an Accountant to get advise on which category to use.
Choosing the right tax category for your transactions
Deduction categories for allowable expenses
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Regards,
Stuart
Sage UKI
Hello Martin
Pension income does not form part of your trading income, so it does not need to go on your quarterly MTD for IT submissions to HMRC.
However, pension income and and tax deducted from that income will go on your end of period statement and final declaration.
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Sage UKI
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