HMRC want £1129

woolysheep

I did notice that it didn't include the tax from the lump sum but assumed the p60 was for earned income. I will contact the 2moro. ( if I ever get through!)

zygurat789

woolysheep wrote: »

I did notice that it didn't include the tax from the lump sum but assumed the p60 was for earned income. I will contact the 2moro. ( if I ever get through!)

It shouldn't and it didn't.
The tax calculation on the gross is what appears to be inconsistent.
Gross 26958 code 818L = 26958-8183 = 18775 taxable at 20% =£3,755
Gross 26958 code 334L = 26958-3340 = 23618 taxable at 20% =£4723.60

twig1_2

The £1129 is made up of
£5220 @20 % = £1044 and
£26958-£8181 @20% =£3755.40 minus the £3669.60 paid as per the P60
so £1044+£85.80
No tax has been deducted from your pension and the pension figure they have used is incorrect so you need to tell them that but you will still owe the tax on the state pension you received and the £85 underpaid from your salary.

patanne

If you are paid something other than monthly, that would explain the £85.80 underpayment from your salary as you probably had more than the normal payment periods in the tax year. That could mean 53 weekly pay days in the year instead of 52 for example.

jimmo

HMRC’s own policy is that for the tax year in which you claim a State Pension lump sum you are required to complete a Self Assessment Return. See paragraph 3 here.
http://www.hmrc.gov.uk/manuals/eimanual/EIM74660.htm
Did that happen and, if so, did you declare the tax deducted from your lump sum in box 9 on your Return?
http://www.hmrc.gov.uk/forms/sa100.pdf
How you handle this really depends on whether HMRC have followed their own policy or tried to deal with it informally and got it wrong.
With a bit of luck when you phone HMRC they will sort it out on the spot but, if that doesn’t happen, I suggest you quote EIM74660 and insist on them issuing a Return for you to complete.