Paying into a pension- tax credits

loobyloo46 · 23 June 2013 at 10:23PM

Hello, my work has just enrolled me into a pension in April this year. I currently only pay 1% of my income per month. Do I need to inform HMRC about this for tax credits???

bloolagoon · 23 June 2013 at 10:27PM

At 1% i don't think it will make any difference, but you can inform them, I'd leave it until their lines calm down from renewals personally, but if you think it means higher payments, do now.

loobyloo46 · 23 June 2013 at 10:33PM

I dont think it would make a difference to be honest i only pay £7.21 a month into the scheme. Its more a case of keeping them informed of my circumstances.

bloolagoon · 23 June 2013 at 11:09PM

loobyloo46 wrote: »

I dont think it would make a difference to be honest i only pay £7.21 a month into the scheme. Its more a case of keeping them informed of my circumstances.

I know, it's just a busy time, you may be better waiting a few weeks, its deducted from your claim so do inform them, just saying if on hold or engaged it may be better off waiting a few weeks if wont change your award.