Tax on NHS pension

uknick

Hoenir said:

uknick said:

Petite60 said:

Its the unfairness that sticks when you see the wealthy avoiding paying tax and working around the system.

I'm afraid you're considered low hanging fruit.

Have read of this to make your blood boil;

HMRC has not charged a single company over tax evasion under landmark legislation | HMRC | The Guardian

It might be behind a paywall (The Guardian changed their website recently), but the title gives you the gist, nobody prosecuted in the 6 years the law has been in place.

HMRC said it has 11 live investigations and is looking into a further 24 possible cases. It has also reviewed and rejected an additional 94.

Criminal prosecution is a totally different level. Doesn't mean that unpaid tax wasnt recovered. This how myths perpetuatate pn social media

Or in this case main stream media.

But, 6 years and no successful prosecutions?  I'm not sure any tax has been recovered under the Act.  For that to happen a guilty verdict must be reached for evasion.  This has not happened.

Or, if tax has been recovered, are HMRC allowing "guilty" companies to agree they were running an avoidance scheme which falls foul of the HMRC allowable schemes. 

In which case the Act is pointless and the staff involved in the investigation of the 129 companies could be moved to anti avoidance schemes where they may be more cost effective.  

GrubbyGirl_2

I really don't understand why you're getting 4 separate pensions from the NHS, I'd be contacting them to sort that out.  But anyway, are your receiving state pension?  if so then that and your NHS pension (plus any savings interest) may be taking you above the personal allowance. As state pension is paid tax free the only means of you paying tax is by taking it through your tax code from your NHS pension.

sheramber

The best time to phone is as soon as lines open.

Start dialling a minute or two before the time  and you will be at the front of the queue .

You can try a few minutes early as some staff may have started work erly and will answer the phone.

You can then tell then how much each pension is and details on any other income you have and ask them to adjust your code number accordingly.

Petite60

"You need to look at what HMRC think all your income streams are and the annual amounts they are paying you.  If these amounts are incorrect or there is an additional unknown income stream this can easily be sorted within the tax account without having to speak to HMRC.  I set the correct income at the start of  every year because they always estimate incorrectly - usually underestimate which in your situation can result in a lower tax code resulting in tax being deducted and some spare code being set against interest. (At the start of this year they set my estimated income from a PS pension, which received the 10.1% increase, lower than 22-23. How the system worked that one out is anyone's guess)  You won't upset anything by doing this and the overpaid tax will be returned at the next pay day after the codes are changed.  If you want to come back with some specifics someone will point you in the right direction."

Thank you so much, this helps make sense of it. I will update the amounts as SPPA note on my pension payslips the annual amount payable. I was worried these amounts might change by end of tax year but they haven't for 23/24. I know the pension pots are index linked and cant remember if this kicks in each new tax year or after the Spring budget. I will note the annual amounts again from April as new tax year and keep updating on my online tax account when SPPA notify me of any changes. I didn't realise they would repay so quickly thought I would have to wait till end of tax year.

Petite60

"I am not sure how you ended up with different payments -  I started in the NHS in the early 80s - there were scheme changes since then but I still get just the one payment (even though I was in officer and practitioner pensions which were calculated separately) - I though they usually merged payments from different schemes"

Maybe because I left NHS in between and worked in other sectors and not continuously in the NHS? 

Petite60

Hoenir said:

uknick said:

Petite60 said:

Its the unfairness that sticks when you see the wealthy avoiding paying tax and working around the system.

I'm afraid you're considered low hanging fruit.

Have read of this to make your blood boil;

HMRC has not charged a single company over tax evasion under landmark legislation | HMRC | The Guardian

It might be behind a paywall (The Guardian changed their website recently), but the title gives you the gist, nobody prosecuted in the 6 years the law has been in place.

HMRC said it has 11 live investigations and is looking into a further 24 possible cases. It has also reviewed and rejected an additional 94.

Criminal prosecution is a totally different level. Doesn't mean that unpaid tax wasnt recovered. This how myths perpetuatate pn social media

Hoenir said:

uknick said:

Petite60 said:

Its the unfairness that sticks when you see the wealthy avoiding paying tax and working around the system.

I'm afraid you're considered low hanging fruit.

Have read of this to make your blood boil;

HMRC has not charged a single company over tax evasion under landmark legislation | HMRC | The Guardian

It might be behind a paywall (The Guardian changed their website recently), but the title gives you the gist, nobody prosecuted in the 6 years the law has been in place.

HMRC said it has 11 live investigations and is looking into a further 24 possible cases. It has also reviewed and rejected an additional 94.

Criminal prosecution is a totally different level. Doesn't mean that unpaid tax wasnt recovered. This how myths perpetuatate pn social media

Defo you get no leeway on PAYE

ArbitraryRandom

sheramber said:

The best time to phone is as soon as lines open.

Start dialling a minute or two before the time  and you will be at the front of the queue .

You can try a few minutes early as some staff may have started work erly and will answer the phone.

You can then tell then how much each pension is and details on any other income you have and ask them to adjust your code number accordingly.

Also if you can avoid Monday and Friday it seems to cut down the waiting. 

chrisbur

No need to ring just go to personal tax account and adjust yourself....
https://www.gov.uk/personal-tax-account
as molerat suggested earlier.

Petite60

chrisbur said:

No need to ring just go to personal tax account and adjust yourself....
https://www.gov.uk/personal-tax-account
as molerat suggested earlier.

Just done this online, fingers crossed it works out ok!  

Petite60

Thanks everyone for the advice and info- much appreciated!