Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • belgiumproperty
    • By belgiumproperty 11th Jul 17, 12:13 PM
    • 1Posts
    • 0Thanks
    belgiumproperty
    emergency tax code - cashing in pension
    • #1
    • 11th Jul 17, 12:13 PM
    emergency tax code - cashing in pension 11th Jul 17 at 12:13 PM
    hi a relative age 79 is cashing approx £17,000 in via 1 year Canada Life policy - and (generic) application asks for P45 for current year -otherwise emergency tax code applied & correct one requested from HMRC by Canada Life

    BUT my question is what form would a retiree have which can be sent with Application form to Canada Life .....do retirees have P45 for current tax year.

    Thanks

    Any advice appreciated - btw only small annuity /and state pension being paid to retiree

    and present tax code on small annuity is for tax year till April 2017 Final Tax Code 627L
Page 1
    • greenglide
    • By greenglide 11th Jul 17, 1:21 PM
    • 2,895 Posts
    • 1,867 Thanks
    greenglide
    • #2
    • 11th Jul 17, 1:21 PM
    • #2
    • 11th Jul 17, 1:21 PM
    You would only have a P45 if you had left employment in this tax year.

    In practice to would only have one if you had left work and claimed your pension, you wouldn't tend to be in this position.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

155Posts Today

1,696Users online

Martin's Twitter