£60 Tax rebate help please

CLAPTON

hansoff wrote: »

Sorry I don't agree with advice re current pensions.

As pension no 1 is £3204 the OP should arrange for HMRC to allocate allowances of £3204 to the code for this pension and the balance of allowances to the code for pension no 2. In this way pension no 1 will continue to be paid without deduction of tax and all tax/rebate due will come from pension no 2.

Why do you disagree??

The total tax will of course be exactly the same, as will the total take home pay.

However, if the 'L' code is allocated to the first (smaller) pension then next year the same situaion will recur and the OP will need to contact the HMRC again.
If, however, the full allowance is allocated to the larger pension when there will be no need to keep contacting the HMRC every year.

ceeforcat

Clapton's solution, to me, is the more sensible. Hansoff solution is the one that the HMRC will adopt.

Advice - don't write to them - you could be waiting forever! Ring - something this simple can and should be done over the telephone.

Most important - you need to ring the tax office who has issued the 'L' code as they appear to be your main tax district.

hansoff

CLAPTON wrote: »

Why do you disagree??

The total tax will of course be exactly the same, as will the total take home pay.

However, if the 'L' code is allocated to the first (smaller) pension then next year the same situaion will recur and the OP will need to contact the HMRC again.
If, however, the full allowance is allocated to the larger pension when there will be no need to keep contacting the HMRC every year.

I disagree because I consider it desirable for the OP to CONTINUE to have pension no 1 received without deduction of tax. Code suffixes can easily be switched.

sweetietot

You should contact the tax office which deals with the smaller pension and the higher code as you may not have received the rise in personal allowance from April 2008 - codes 330L and 192L seem to suggest a total allowance of 5225, which was the personal allowance for 2007/2008. This is if you do not have any other deductions in your code - for example state pension.
If you are going to ask for all of you allowance against the larger pension, you would probably be better asking for this to start from April 2009, otherwise both your codes would be on a Month 1 basis and you wouldn't get your overpaid tax back through your income, you would have to claim it back with your P60s next April.