Which one?

GaryBC

Hi guys. 
I've got two DB pensions waiting to be kicked off and I know that one of them has to be 'lead' pension and pay the paye on behalf of both. 
Does it matter which one does this? 
Thanks, 
Gary 

Brynsam

Doesn't need to be a consideration because that's not quite how it works. Each pension provider is given a tax code and deducts the relevant amount of tax from the pension you receive in respect of that scheme. Tax code(s) take into account the state pension, which is paid without deduction of tax.

xylophone

Hi guys. 
I've got two DB pensions waiting to be kicked off and I know that one of them has to be 'lead' pension and pay the paye on behalf of both. 
Does it matter which one does this? 

You have  a Personal Allowance and you can ask HMRC to set it against one of the pensions or to split it between the two.

https://www.moneyadviceservice.org.uk/en/articles/pay-and-tax-when-working-in-more-than-one-job#:~:text=This%20is%20called%20the%20Personal,can%20split%20your%20Personal%20Allowance.

Do you have a personal tax account?
https://www.gov.uk/personal-tax-account

Have you obtained a state pension forecast?
https://www.gov.uk/check-state-pension