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Getting correct tax code when semi retired

In January, I will be semi-retired, taking income from DB scheme and also working 2 days per week. My tax code is currently higher than the default because I pay into DC fund that I will stop paying into in January. 
What's the best way to tell hmrc this information, I've tried calling twice but gave up after 45mins each time. I can't see a way to do it via the hmrc portal, so i suppose the only other option is post?

Comments

  • molerat
    molerat Posts: 35,874 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Best to call HMRC at opening time, often get through almost instantly.
  • Marcon
    Marcon Posts: 15,868 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    UncleZen said:
    In January, I will be semi-retired, taking income from DB scheme and also working 2 days per week. My tax code is currently higher than the default because I pay into DC fund that I will stop paying into in January. 
    What's the best way to tell hmrc this information, I've tried calling twice but gave up after 45mins each time. I can't see a way to do it via the hmrc portal, so i suppose the only other option is post?
    Are you sure you need to tell them anything they won't be able to pick up from your pension payroll and your employer's payroll?

    It's unusual for your tax code to be increased because you are paying into a DC pension, and whether it is a net pay or a relief at source scheme, the position should automatically be 'taken care of' once you stop contributing.
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • Albermarle
    Albermarle Posts: 31,036 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    It's unusual for your tax code to be increased because you are paying into a DC pension,

    If the OP is a 40% taxpayer and paying pension contributions via a Relief at Source scheme, then an increased tax code is normal as a way of paying back the higher rate tax relief. Of course could be some other reason.

    OP - One thing you can do via your online personal tax account, is request a change in tax code and of course you have to give the reason for the request. Maybe easier to call them though.

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