Income Tax and Pensions
in Pensions, Annuities & Retirement Planning
7 replies 351 views
When completing one's SA tax return online, the state pensions box is usually pre-populated with the annual amount evidencing that there must be some level of communication between HMRC and DWP. However, that communication appears non-existent in respect of the year in which one's state pension first becomes payable. The net result is that no restriction is entered in one's tax code number which leads to an underpayment of tax. I realise that the public sector have severe problems understanding the meaning of "customer service" but does anyone know why HMRC and DWP can't get their act together on this matter?
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