That covers it if the SIPP is in a separate GC file of its own, where my contribution is an income (and an expense from my bank account in the main GC file, which I use to fund the contribution).
But if it's all in one GC file we have 01-01-2020 SIPP Contribution Assets:SIPP £100 My contribution Assets:my bank account £100 01-01-2020 SIPP Govt Contribution Assets:SIPP £25 Government contribution Income:GovContrib £25 Am I wrong? Ruaraidh On Thu, 30 Apr 2020 at 12:33, D. <sunfis...@yahoo.com> wrote: > Set up an independent income account for the government contributions: > > Income:GovContrib > > Then add either a split to your contribution for the government, > > 01-01-2020 SIPP Contribution Assets:SIPP £125 > My contribution Income:Me £100 > Government contribution Income:GovContrib £25 > > or a separate transaction, > > 01-01-2020 SIPP Contribution Assets:SIPP £100 > My contribution Income:Me £100 > > 01-01-2020 SIPP Govt Contribution Assets:SIPP £25 > Government contribution Income:GovContrib £25 > > That should cover it, yes? > > > > > -------- Original Message -------- > From: Ruaraidh <ruaraidh...@gmail.com> > Sent: Thu Apr 30 15:17:04 GMT+05:30 2020 > To: gnucash-user@gnucash.org > Subject: [GNC] Reporting transactions > > I have another question related to UK tax reporting obligations. > > In the UK we can have a type of asset called a SIPP (Self-invested Personal > Pension). You pay money into a SIPP with the idea of building up an income > for your retirement. The carrot is, you get a tax rebate. For example if > you > pay 100 GBP into the SIPP, the government pays in another 25 GBP. > > For our annual tax reports, we have to report the total added to the SIPP > during the tax year: the amount we pay in personally, plus the amount that > the government pays in, i.e. 125 GBP in the above example. > > This is easy to do if I keep the SIPP in a separate GC book. Then all > personal contributions and the Government's additional contributions can be > put into the same income account. Easy. What's not so good is that (a) I no > longer have an overview of all assets in one book and (b) to do my one tax > report I have to do two separate GC tax reports. > > Is there a better solution? Either something that allows me to keep > everything in one book, or a way that allows reports to query two books? > > > > -- > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
