Savings income?

Redredrobin

Can someone explain what savings income is please ?

Just received a letter saying I owe £277 tax , I work part time claim carers allowance and did cash in a small pension earlier this year but paid over £2k in tax on it .

sheramber

Any income from savings such as bank interest, dividend payments

Dazed_and_C0nfused

And the statutory interest paid alongside PPI refunds.

numbersrule

Does the letter mention savings income?
Where is the letter from?
There are excessive numbers of new types of scams springing up at present

Redredrobin

It’s a Hmrc letter it has savings income at £3565.00 ?

going to give them a call 

numbersrule

Redredrobin said:

It’s a Hmrc letter it has savings income at £3565.00 ?

going to give them a call 

Check the telephone number is a genuine HMRC number

numbersrule

Redredrobin said:

It’s a Hmrc letter it has savings income at £3565.00 ?

going to give them a call 

Some Life Insurance contracts generate interest 'income' which can be classified as savings income.  Was there some sort of Life Insurance refund attached to your pension withdrawal?