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tax

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Comments

  • Linton said:
    No, unlike earnings SP is taxed when it is due, not when you get the money which could be up to 4 weeks later.
    OK, thanks for the correction - so that would apply only to State Pension, not any other pension payments?
  • Linton said:
    No, unlike earnings SP is taxed when it is due, not when you get the money which could be up to 4 weeks later.
    OK, thanks for the correction - so that would apply only to State Pension, not any other pension payments?
    Not quite that simple.

    In certain circumstances arrears of non State Pension can be treated as taxable in the year it relates to not the year it's paid in.

    But the pension payer isn't involved, you have to take it up with HMRC after the payment has been made and taxed normally.

    Not chapter and verse but some info here,

    https://www.gov.uk/hmrc-internal-manuals/self-assessment-manual/sam121160
  • Albermarle
    Albermarle Posts: 30,372 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    patsy43 said:
    my payment day is  the 3 april tax year 2022 i get my pension 2 weekly so thats for weeks dated 20th to the 27th and then 27th to 3nd  my next payment is 17th april 2023 but this has 3days  of 2022 tax year do i devied payment by 7 to find the three days  hope makes sence thanks 

    Would have made more sense, if you had used some Capital letters, some punctuation and a spellchecker.
  • JGB1955
    JGB1955 Posts: 3,956 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    edited 27 November 2022 at 4:28PM
    patsy43 said:
    my payment day is  the 3 april tax year 2022 i get my pension 2 weekly so thats for weeks dated 20th to the 27th and then 27th to 3nd  my next payment is 17th april 2023 but this has 3days  of 2022 tax year do i devied payment by 7 to find the three days  hope makes sence thanks 

    Would have made more sense, if you had used some Capital letters, some punctuation and a spellchecker.
    Not exactly kind or helpful... in my opinion
    #2 Saving for Christmas 2024 - £1 a day challenge. £325 of £366
  • patsy43
    patsy43 Posts: 84 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    patsy43 said:
    my payment day is  the 3 april tax year 2022 i get my pension 2 weekly so thats for weeks dated 20th to the 27th and then 27th to 3nd  my next payment is 17th april 2023 but this has 3days  of 2022 tax year do i devied payment by 7 to find the three days  hope makes sence thanks 

    Would have made more sense, if you had used some Capital letters, some punctuation and a spellchecker.
    sorry but had a brain tumour  and lost some of my skills you should get a life i only needed  help and am greatfull for the help 
  • Albermarle
    Albermarle Posts: 30,372 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    patsy43 said:
    patsy43 said:
    my payment day is  the 3 april tax year 2022 i get my pension 2 weekly so thats for weeks dated 20th to the 27th and then 27th to 3nd  my next payment is 17th april 2023 but this has 3days  of 2022 tax year do i devied payment by 7 to find the three days  hope makes sence thanks 

    Would have made more sense, if you had used some Capital letters, some punctuation and a spellchecker.
    sorry but had a brain tumour  and lost some of my skills you should get a life i only needed  help and am greatfull for the help 
    OK sorry for my comments. 
  • xylophone
    xylophone Posts: 45,909 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    See

    https://www.gov.uk/government/publications/self-assessment-tax-return-sa100/how-to-fill-in-your-tax-return-2022

    Use the letter: About the general increase in benefits that the Pension Service sent you to find your weekly State Pension amount.

    Add up the amount you were entitled to receive from 6 April 2021 to 5 April 2022 and put the total in box 8. Do not include any amount you received for Attendance Allowance.

    If your State Pension changed during the year or you only received it for part of the year, multiply each amount by the number of weeks that you were entitled to receive it. Add up your amounts carefully.

    If you do not have the letter from the Pension Service, phone them on 0800 731 0469 (textphone 0800 731 0464) and ask them for the information.

    If you received a lump sum because you deferred your State Pension from an earlier year, put the amount in box 9, not in box 8.

    Do not include State Pension Credit, the Christmas bonus, Winter Fuel Payment or any addition for a dependent child.

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