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How to submit state pension on tax return for partial year / change of amount

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Comments

  • Because that is how State Pension is taxed, it's what you were entitled to that counts..

    For the current tax year you will be taxed less than you actually received.
  • xylophone
    xylophone Posts: 45,993 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 26 August 2022 at 9:15AM
    State pension is never ever paid monthly.  It is paid four weekly, or occasionally weekly.


    https://www.radiotimesmoney.com/retirement/pension-advice/state-pensions-can-be-paid-every-seven-days-says-paul-lewis/

    Three quarters of all pensioners are paid four weeks in arrears, but a state pension can also be paid weekly. 

    Not sure I'd call 25% "occasionally"!

    I wonder how many would opt for weekly if it were made clear that the choice was there?
  • Silvertabby
    Silvertabby Posts: 10,718 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 26 August 2022 at 10:34AM
    xylophone said:
    State pension is never ever paid monthly.  It is paid four weekly, or occasionally weekly.


    https://www.radiotimesmoney.com/retirement/pension-advice/state-pensions-can-be-paid-every-seven-days-says-paul-lewis/

    Three quarters of all pensioners are paid four weeks in arrears, but a state pension can also be paid weekly. 

    Not sure I'd call 25% "occasionally"!

    I wonder how many would opt for weekly if it were made clear that the choice was there?
    We knew that weekly payments were an option, but went for four weekly.  Had calendar monthly been possible, then we'd have gone for that, as (a) we'd both been monthly paid since the 1970s, and (b) all bills are paid monthly.

    Correct me if I'm wrong, but I'd have thought that the only people who opt for weekly pension payments are those who had been weekly salaried, and so can only budget on those terms?

    And, of course, those on weekly payments don't get the pleasure of a double payment in one month every year.  

  • Notepad_Phil
    Notepad_Phil Posts: 1,702 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    xylophone said:
    State pension is never ever paid monthly.  It is paid four weekly, or occasionally weekly.


    https://www.radiotimesmoney.com/retirement/pension-advice/state-pensions-can-be-paid-every-seven-days-says-paul-lewis/

    Three quarters of all pensioners are paid four weeks in arrears, but a state pension can also be paid weekly. 

    Not sure I'd call 25% "occasionally"!

    I wonder how many would opt for weekly if it were made clear that the choice was there?
    ...
    Correct me if I'm wrong, but I'd have thought that the only people who opt for weekly pension payments are those who had been weekly salaried, and so can only budget on those terms?

    And, of course, those on weekly payments don't get the pleasure of a double payment in one month every year.  

    I've been monthly salaried all my life, but I think I'll much prefer weekly over the 28 day option - we've still got a few years to go to look more fully into the options, but I can't see any major negatives of the weekly option as opposed to the 28 days.
  • xylophone said:
    State pension is never ever paid monthly.  It is paid four weekly, or occasionally weekly.


    https://www.radiotimesmoney.com/retirement/pension-advice/state-pensions-can-be-paid-every-seven-days-says-paul-lewis/

    Three quarters of all pensioners are paid four weeks in arrears, but a state pension can also be paid weekly. 

    Not sure I'd call 25% "occasionally"!

    I wonder how many would opt for weekly if it were made clear that the choice was there?
    ...
    Correct me if I'm wrong, but I'd have thought that the only people who opt for weekly pension payments are those who had been weekly salaried, and so can only budget on those terms?

    And, of course, those on weekly payments don't get the pleasure of a double payment in one month every year.  

    I've been monthly salaried all my life, but I think I'll much prefer weekly over the 28 day option - we've still got a few years to go to look more fully into the options, but I can't see any major negatives of the weekly option as opposed to the 28 days.
    I like the double payment from 4 weekly, if you can budget on the basis each 4 weekly payment is for a month it's a nice little bonus once a year 😊
  • xylophone
    xylophone Posts: 45,993 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I like the double payment from 4 weekly, if you can budget on the basis each 4 weekly payment is for a month it's a nice little bonus once a year 

    But weekly (even weekly x 2 for a couple), is a nice little fillip once or twice a week..... :)

  • xylophone said:
    I like the double payment from 4 weekly, if you can budget on the basis each 4 weekly payment is for a month it's a nice little bonus once a year 

    But weekly (even weekly x 2 for a couple), is a nice little fillip once or twice a week..... :)

    Very true 😊
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