State pension annual statement ?

molerat

It is not as simple as 52 weeks though.  My HMRC 20/21 state pension amount works out at 1 week at 19/20 rate and 51 at 20/21 rate.

edit:  They actually have different figures in two different places on HMRC.  For calculating my tax code they use the above figure but on the front page they use the 52 x 20/21 rate so who knows what they really think I am getting.

nigelbb

dunstonh said:

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.

I really doubt that producing a PDF every month costs French taxpayers much. 

dunstonh

nigelbb said:

dunstonh said:

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.

I really doubt that producing a PDF every month costs French taxpayers much. 

Is it not posted and to many millions of people?

loiner

2019/20 was the first year of state pension for me. I'm paid four weekly. On my Self Assessment for 2019/20 I gave the figure that had actually been paid to me during that tax year. The last payment was on 16 March 2020. The next payment was on 9 April 2020, which is clearly in the current tax year. HMRC have been advised by DWP that I have received a higher figure to include the accrued but not paid pension from 16 March to 5 April, and have made changes to my tax return accordingly. How can we ever get our Self Assessment correct if they use this method and don't issue a P60 type of document? Also, this contravines HMRC's rules of taxing you in the year you receive payment (although it's DWP that's at fault, not HMRC).

xylophone

On the SA 100 it says

State Pension – amount you were entitled to receive in the

year, not the weekly or 4-weekly amount - read the notes

The notes

Box 8 State Pension Use the letter ‘About the general increase in benefits’ that the Pension Service sent you to find your weekly State Pension amount.Add up the amount you were entitled to receive from 6 April 2019 to 5 April 2020 and put the total in box 8. Do not include any amount you received for Attendance Allowance.

If your State Pension changed during the year or you only received it for part of the year, multiply each amount by the number of weeks that you were entitled to receive it. Add up your amounts carefully. 

If you do not have the letter from the Pension Service, phone them on 0800 731 0469 (textphone 0800 731 0464) and ask them for the information.

If you received a lump sum because you deferred your State Pension from an earlier year, put the amount in box 9, not in box 8.

Do not include State Pension Credit, the Christmas bonus, Winter Fuel Payment or any addition for a dependent child.

nigelbb

dunstonh said:

nigelbb said:

dunstonh said:

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.

I really doubt that producing a PDF every month costs French taxpayers much. 

Is it not posted and to many millions of people?

No. It may have been in days gone by but I've only ever accessed the records online.

loiner

xylophone said:

On the SA 100 it says

State Pension – amount you were entitled to receive in the

year, not the weekly or 4-weekly amount - read the notes

The notes

Box 8 State Pension Use the letter ‘About the general increase in benefits’ that the Pension Service sent you to find your weekly State Pension amount.Add up the amount you were entitled to receive from 6 April 2019 to 5 April 2020 and put the total in box 8. Do not include any amount you received for Attendance Allowance.

If your State Pension changed during the year or you only received it for part of the year, multiply each amount by the number of weeks that you were entitled to receive it. Add up your amounts carefully. 

If you do not have the letter from the Pension Service, phone them on 0800 731 0469 (textphone 0800 731 0464) and ask them for the information.

If you received a lump sum because you deferred your State Pension from an earlier year, put the amount in box 9, not in box 8.

Do not include State Pension Credit, the Christmas bonus, Winter Fuel Payment or any addition for a dependent child.

Many thanks for taking the time to give this explanation.

I have a small business and simply informed my accountant of the total sum I'd received, so didn't actually see the notes above.