Income Tax Q

Newly_retired

He should soon get a letter from the Pension Service informing him how much pension he will get. This will include the breakdown eg any second state pension. Mine is made up of 3 or 4 different amounts. Or if his birthday is not till the end of the year he could ring Pension service for s pension forecast.
He will also get a form from HMRC to declare his income from all sources so they can give him a new tax code. His state pension will be paid gross as they are not allowed to tax it. Tax will be taken off his occupational pension, if any is due. If the occ.pension is not enough to cover it, it may take some sorting out.
Your Pension credit may need to be adjusted. This should all be sorted by the Pension Service.

Oldernotwiser

Newly_retired wrote: »

He should soon get a letter from the Pension Service informing him how much pension he will get.

You only get this if you apply for it, as is the case with the pension itself.

EmehEm2005

You should be able to find out what you need to know at the following links -

http://www.hmrc.gov.uk/incometax/index.htm
http://www.hmrc.gov.uk/incometax/should-you-pay.htm

mardatha

ok ty all