P55 Confusion.

threlkeld53

On the P55 form in order to claim overpayment of tax, there is a question under the heading UK Pension Income, asking ......

Do you expect to receive income from any UK pension during the current tax year?
Does one have to include UK State Pension?  

Marcon

threlkeld53 said:

On the P55 form in order to claim overpayment of tax, there is a question under the heading UK Pension Income, asking ......

Do you expect to receive income from any UK pension during the current tax year?
Does one have to include UK State Pension?  

Not in response to that question. There's a separate question later on which asks about taxable state benefits, which is where you put state pension.

threlkeld53

@Marcon, thanks for that.

I just noticed that but still unsure how to answer. Yes or No? All state pension income is taxable, so I don't get why it's asked.

Marcon

threlkeld53 said:

@Marcon, thanks for that.

I just noticed that but still unsure how to answer. Yes or No? All state pension income is taxable, so I don't get why it's asked.

The answer is 'no' to that question.

I wonder if you're completing this online? If so, you might find it helpful to look at the 'paper' version which gives more explanations: 
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1064407/P55_2022-2023.pdf

State pension is potentially taxable, but is always paid gross. A P55 provides a quick summary of your position, and needs to ask 'all' the questions because not everyone completes a self assessment tax return.

threlkeld53

Marcon said:

threlkeld53 said:

@Marcon, thanks for that.

I just noticed that but still unsure how to answer. Yes or No? All state pension income is taxable, so I don't get why it's asked.

The answer is 'no' to that question.

I wonder if you're completing this online? If so, you might find it helpful to look at the 'paper' version which gives more explanations: 
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1064407/P55_2022-2023.pdf

State pension is potentially taxable, but is always paid gross. A P55 provides a quick summary of your position, and needs to ask 'all' the questions because not everyone completes a self assessment tax return.

I'm much more confused now than before my original question!
The fact that you said 'no' completely threw me. I looked at the paper version and if I answer 'no', it says go to question 14, therefore missing out on private pensions. Maybe a flexible payment isn't income, I don't know now.  

Marcon

threlkeld53 said:

Marcon said:

threlkeld53 said:

@Marcon, thanks for that.

I just noticed that but still unsure how to answer. Yes or No? All state pension income is taxable, so I don't get why it's asked.

The answer is 'no' to that question.

I wonder if you're completing this online? If so, you might find it helpful to look at the 'paper' version which gives more explanations: 
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1064407/P55_2022-2023.pdf

State pension is potentially taxable, but is always paid gross. A P55 provides a quick summary of your position, and needs to ask 'all' the questions because not everyone completes a self assessment tax return.

I'm much more confused now than before my original question!
The fact that you said 'no' completely threw me. I looked at the paper version and if I answer 'no', it says go to question 14, therefore missing out on private pensions. Maybe a flexible payment isn't income, I don't know now.  

I've answered your question about whether you include state pension: the answer is 'no', but clearly the wording of my response didn't help!

You certainly need to answer 'yes' to the question on the form, since you are presumably trying to reclaim tax on a private pension payment?