Where to find the annual payment amount for state pension when completing a Self Assessment tax ret

diystarter7

Hands up!

Apologies for being a fool. As I'm trying to do so many things together, for whatever reason I had missed the numbers I needed IE as last year and as some have stated here they were pre-populated. Thank you all for your time

This may help you guy, slightly OT but related to self-assessment - Just rang my building society and got the gross saving/interest rate figures for 2021/2022 year. This would have been sent out for at least a couple of weeks, no I can carry on with the tax returns for 5 of us.
Thanks again.

sheramber

molerat said:

Bank statements will not show the TAXABLE state pension amounts for the year, only what is paid and the notification letter only shows the weekly amount.  Convention will be that you accrue 51 weeks new and 1 week old in a tax year which is the amount used when determining the tax code.  You will only see that amount in your on line tax account in the current year, it is removed once the year ends.

State Pension is paid direct without ant tax deducted so the figure in the bank statement is the amount due and paid.

molerat

sheramber said:

molerat said:

Bank statements will not show the TAXABLE state pension amounts for the year, only what is paid and the notification letter only shows the weekly amount.  Convention will be that you accrue 51 weeks new and 1 week old in a tax year which is the amount used when determining the tax code.  You will only see that amount in your on line tax account in the current year, it is removed once the year ends.

State Pension is paid direct without ant tax deducted so the figure in the bank statement is the amount due and paid.

But the amounts paid into the bank in any given tax year are not the amounts relevant for tax purposes, state pension is taxable on the date due and not the date paid.  I will be receiving my SP payment tomorrow but only 1 week of it is taxable in this tax year.

zagfles

The amount from bank statements is NOT the correct amount. Or may not be. People who say to add up the amount from bank statements are wrong, unless you get the state pension paid weekly.

See:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1062332/sa150-Notes-2022.pdf

And a better explaination here:

https://www.litrg.org.uk/tax-guides/pensioners/types-income-retirement#toc-what-amount-of-state-pension-is-taxable-

diystarter7

Just completed all 5 tax returns

About the original question and answered by at least one poster here correctly which i overlooked, the state pension is pre-populated. As I was doing so much I just kept on missing it.

Another point making the payments - none of us was allowed to pay via cc/debit card so the only option was a one off payment via DD and the earliest date it can be taken is 22nd April. We all wanted it to be over now.


Btw, on my tax return I must have made a mistake last year as I still owned 30p, so I added that to the amount

Thanks all for your help.

badmemory

Be careful with that prepopulated amount, mine has been correct in one year of the last ten.

nigelbb

molerat said:

Bank statements will not show the TAXABLE state pension amounts for the year, only what is paid and the notification letter only shows the weekly amount.  Convention will be that you accrue 51 weeks new and 1 week old in a tax year which is the amount used when determining the tax code.  You will only see that amount in your on line tax account in the current year, it is removed once the year ends.

If I view "Your PAYE Income Tax summary for 6 April 2022 to 5 April 2023" in my HMRC online account the amount for my state pension is exactly the amount shown in the notification letter that I received last month ie 52 weeks at the new rate.

molerat

nigelbb said:

molerat said:

Bank statements will not show the TAXABLE state pension amounts for the year, only what is paid and the notification letter only shows the weekly amount.  Convention will be that you accrue 51 weeks new and 1 week old in a tax year which is the amount used when determining the tax code.  You will only see that amount in your on line tax account in the current year, it is removed once the year ends.

If I view "Your PAYE Income Tax summary for 6 April 2022 to 5 April 2023" in my HMRC online account the amount for my state pension is exactly the amount shown in the notification letter that I received last month ie 52 weeks at the new rate.

Look at "What makes up your tax-free amount".