State pension: incorrect tax code

ashfor

I understand the reasoning now. Thanks for the education.

Just as a matter of interest, for several years I've been correcting the offered figure for state pension during self-assessment and HMRC has always accepted my figure.  I suspect no-one actually reads my correction or they consider it too trivial to argue about.

Qyburn

molerat said:

State pension is due, and taxable, on a weekly basis.  If your pension day is a Tuesday and paid 4 weekly with a payment on April 11th 2023 you received the due amounts from 21st March, 28th March, 4th April and 11th April.  Only one of those amounts was taxable in the 2023-24 tax year, the first 3 were in 2022-23.

Following that explanation, does that mean that if you take your SP weekly, the amount due and the amount actually received will, by definition, be the same?

badmemory

Qyburn said:

molerat said:

State pension is due, and taxable, on a weekly basis.  If your pension day is a Tuesday and paid 4 weekly with a payment on April 11th 2023 you received the due amounts from 21st March, 28th March, 4th April and 11th April.  Only one of those amounts was taxable in the 2023-24 tax year, the first 3 were in 2022-23.

Following that explanation, does that mean that if you take your SP weekly, the amount due and the amount actually received will, by definition, be the same?

Yes that is correct.