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HMRC Form P161 Pension Coding Form
SallyG
Posts: 850 Forumite
I'm in income drawdown with Scottish Widows and took my first payment in June 2011.
The HMRC SW PAYE coding notice arrived last week and P161 questionnaire arrived yesterday - both refer to the income drawdown as a "flexible annuity" and the provider as "Scottish Widows Flexible Annuities".
I've checked - online and in letters from SW: "policy type Income Drawdown "
Is income drawdown a "flexible annuity" ?
Does it matter to HMRC?
I googled it and got this from the Investors Chronicle
"A flexible annuity is a halfway house between a traditional annuity and income drawdown," he says. "It has many of the advantages of fixed annuities and income drawdown."
The HMRC SW PAYE coding notice arrived last week and P161 questionnaire arrived yesterday - both refer to the income drawdown as a "flexible annuity" and the provider as "Scottish Widows Flexible Annuities".
I've checked - online and in letters from SW: "policy type Income Drawdown "
Is income drawdown a "flexible annuity" ?
Does it matter to HMRC?
I googled it and got this from the Investors Chronicle
"A flexible annuity is a halfway house between a traditional annuity and income drawdown," he says. "It has many of the advantages of fixed annuities and income drawdown."
0
Comments
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Courage in both hands rang HMRC who say as long as the pension ref number matches it makes no odds.
They couldn't say why my income drawdown was labelled flexible annuity.0
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