State pension annual statement ?

elljay

Afternoon all - should I have received a paper statement of how much my state pension should be this current year?  I've only just received my NHS pension P60 so thought the state pension one might also be delayed but can see in my files that previous ones came in March or so.  I definitely haven't had one.

I'm thinking I may have ticked a 'go paperless' box somewhere but have no idea where to find this online.  Google only finds info about predicted pensions so I'm obviously using the wrong search terms.  Can anyone help please?  Thank you 

Liz

xylophone

No P60 ( end tax year income/deductions statement) is issued for state pension.

The DWP sends a letter to state pensioners in advance of the new tax year to advise them of the weekly benefit payable from 6 April.

This often arrives in March but  I remember another poster whose parents had already received theirs in February.

elljay

Thank you, just me then.  I'm sure I've never seen it as I've been waiting for all my pension P60s/statements for a particular purpose.  I'll have to ask for a duplicate.  Thanks again.

molerat

The only thing you get is the annual "your new pension amount is £xxx.xx per week from xx Apr xxxx".  I very much doubt they will be able to send a duplicate.

whizzywoo

I am fairly certain that DWP do not send a P60 for your State Pension.  I've only been receiving it for a year and I haven't received one.

And in years and years of completing personal tax returns for clients I never saw one!  Before the online tax accounts I would have to cobble the figures together from bank statements and DWP letters that the clients brought in.  And hopefully split off correctly the non-taxable benefits from the taxable.  

Rodders53

I got a letter in Feb stating my new weekly rate (BR5899 from The Pension Service).  My HMRC Notice Of Coding letter also gave it as an annual figure.

But no P60 or equivalent in all the (admittedly short) time I've been a State Pensioner (2 and a bit years).

dunstonh

The state pension does not get a P60 as it is not taxed at source or paid under a payroll arrangement.

nigelbb

It is really annoying that you cannot get a 'pay slip' or annual statement of pension paid. It would be very simple to provide this electronically. By way of contrast I have a French pension & get both a monthly & annual statement of pension paid.

LHW99

Surely you know your 4-weekly payment from bank statements,  & 13 x this should be close.

Your personal tax account now shows the previous year's annual total.

dunstonh

It is really annoying that you cannot get a 'pay slip' or annual statement of pension paid

It changes once a year.  You just multiply it by 13 (if four weekly).  Or you read your annual pension notification telling you what it will be.

By way of contrast I have a French pension & get both a monthly & annual statement of pension paid.

What a waste of taxpayer money.

badmemory

dunstonh said:

It changes once a year.  You just multiply it by 13 (if four weekly).  Or you read your annual pension notification telling you what it will be.

Not strictly true.  The state pension is calculated on a weekly basis & unlike most things is not taxed on the date it is received but on the date it is considered payable.  For example one week is payable on 5th April it is counted in the previous tax year, if it is payable on 6th April it is counted in the current tax year.  This is applicable even if the first payment is due on say the 25th April.  This would mean that the first weeks payment was for week ending 4th April which is in the previous tax year.  Also some tax years have 53 weekly payment days. 

Although frankly the HMRC have become so lax that you would get away with 52 weeks for ever regardless.  They don't seem to even realise their own rules anymore.  Hopefully as they will no longer allow me to file self assessment their own calculations will save me in the region of £60 this year!  I just have to decide whether to leave my executors to sort out that one.  So that means I will have to tell them myself just in case as it would have my DS  (my executor) in a tizzy.  Or maybe if I live (without dementia) long enough, I'll get away with it!!!