How do I work out my basic rate tax relief?

 

To work this out you need to divide your net pay amount by 0.8 or times your gross pay amount by 0.8

Eg a net contribution of £120 would be a gross contribution of £150

£120/0.8 = £150

A gross contribution of £200 would be a net contribution of £160

£200 x 0.8 = £160

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