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Amount of State Pension started part way through the tax year on SA Tax return

I need help to calculate amount of state pension received during tax year for my tax return.
Amounts paid into bank every four weeks.
SP started Dec 9.
17 Dec  £225 14 Jan £700 11 Feb £700 11 March £700. Tot £2325
I am assuming for tax year that as no. of days from 9 Dec to 5 April is 117 the SP that should be recorded on SA Tax return is 117 days x £25 daily rate = £2925.
I am also assuming that if there are 13 payments in the next tax year starting 8 April and last payment on 10 March then 13 x4 payments will be correct for tax return. 

Comments

  • molerat
    molerat Posts: 33,498 Forumite
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    edited 14 August 2023 at 7:51AM
    Both incorrect I am afraid.  It is not the number of payments that you receive but the number of weekly pension dates.  A full year will generally be 1 x old rate + 51 new.  Your on line tax account should show the correct amount for this part year which may include one part week.
  • Marcon
    Marcon Posts: 12,938 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Combo Breaker
    katsclaws said:
    I need help to calculate amount of state pension received during tax year for my tax return.
    Amounts paid into bank every four weeks.
    SP started Dec 9.
    17 Dec  £225 14 Jan £700 11 Feb £700 11 March £700. Tot £2325
    I am assuming for tax year that as no. of days from 9 Dec to 5 April is 117 the SP that should be recorded on SA Tax return is 117 days x £25 daily rate = £2925.
    I am also assuming that if there are 13 payments in the next tax year starting 8 April and last payment on 10 March then 13 x4 payments will be correct for tax return. 
    Don't get too fussed about it. If you get the answer wrong, you'll find HMRC correct it for you with no issues. Why they can't just pre-populate your online form, as they do for earned income, given they have the information, is beyond me.
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • katsclaws
    katsclaws Posts: 399 Forumite
    Part of the Furniture 100 Posts
    Thank you molerat and Marcon. I've been doing SA Tax returns for more than thirty years but haven't needed to do one for the last two tax years. There is very little info on my online account. 
  • LHW99
    LHW99 Posts: 4,938 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Marcon said:
    katsclaws said:
    I need help to calculate amount of state pension received during tax year for my tax return.
    Amounts paid into bank every four weeks.
    SP started Dec 9.
    17 Dec  £225 14 Jan £700 11 Feb £700 11 March £700. Tot £2325
    I am assuming for tax year that as no. of days from 9 Dec to 5 April is 117 the SP that should be recorded on SA Tax return is 117 days x £25 daily rate = £2925.
    I am also assuming that if there are 13 payments in the next tax year starting 8 April and last payment on 10 March then 13 x4 payments will be correct for tax return. 
    Don't get too fussed about it. If you get the answer wrong, you'll find HMRC correct it for you with no issues. Why they can't just pre-populate your online form, as they do for earned income, given they have the information, is beyond me.

    HMRC did manage to pre-populate mine a few years ago. However they did it with a full year's payments, when it began part-way through. Took a while to correct, as they "re-corrected" my corrected figures on submission
  • katsclaws
    katsclaws Posts: 399 Forumite
    Part of the Furniture 100 Posts
    Thanks LHW99.
    I've just looked at my husband's personal tax account and there are two different amounts estimated for 23/24 tax year for his state pension and yet all the figures for private pensions are correct. 
    I'm pleased that you managed to get yours sorted eventually.
       
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