Early Retirement....First Week

JCB20

I retired at the end of March last year. Had to contact HMRC to inform them of my changed status. They had issued a Notice of Coding for the next tax year as if I was still employed. I had a company car which was taxed which obviously I wouldn’t have in retirement. So it rather depends on individual circumstances as whether a change of tax code is required.

Jack_Itin

Apologies Jem, I wasn't very clear on the facts.......one thing, would You advise visiting my local tax office ?......or better to contact HMRC by 'phone ?.......I know that HMRC ''moves in mysterious ways''.......when my Mrs. sorted her pension out, although her records were in Scotland, it was dealt with at Leicester !!.....my tax used to be dealt with at Scarborough, North Yorks.....but not sure where it is dealt with now.........Jack.

jem16

Jack_Itin wrote: »

Apologies Jem, I wasn't very clear on the facts.......one thing, would You advise visiting my local tax office ?......or better to contact HMRC by 'phone ?

I think visiting the local tax office is a thing of the past.

I know that HMRC ''moves in mysterious ways''.......when my Mrs. sorted her pension out, although her records were in Scotland, it was dealt with at Leicester !!.....my tax used to be dealt with at Scarborough, North Yorks.....but not sure where it is dealt with now.........Jack.

It's all dealt with centrally now.

https://www.gov.uk/government/organisations/hm-revenue-customs/contact/income-tax-enquiries-for-individuals-pensioners-and-employees

Jack_Itin

Thanks Jem.........bit behind the times on that one......will ring them in the morning..........Jack

pro_bono

James,
Apologies for the delay in thanking you. The time just flies by.

Regards

Pro Bono

Jack_Itin

Received a letter today (14th) from pension provider, saying that they have notified HMRC of my circumstances, and that HMRC will contact me shortly.......apparently they need 4 weeks to obtain my records.......would it be advisable to still ring HMRC myself, or just let things run their course ?............Jack.

jem16

Jack_Itin wrote: »

would it be advisable to still ring HMRC myself, or just let things run their course ?............Jack.

It's very unlikely that HMRC will split your tax code as they won't have enough information to do that so a phone call will be required to do that.

Jack_Itin

O.k. jem, Thanks for that, I see that it is an 03 number, so will ring them tomorrow from work as I have been called in......I reckon I will soon get used to just working Fridays !!......Jack.

atush

But yo havent really retired have you lol?

You are working one day a week

Jack_Itin

Semi-retired......I am now on a zero hours contract.......they ring me I go in....they don't ring me, I don't go in.......I know a lot has been said about zero hours recently, but it suits me fine............Jack.