We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
tax
my self-assessment says 10396 pounds state pension I have been paid 10512.84 up to the 10h of April or 10308.99 paid to the 3nd of April this dose not make sense
paid 19th of April 23 116.49 then 203.85 a week to last payment to day 10th paid back words up to the 5th April
Comments
-
Indeed not.0 -
Without being rude Patsy, myself and the poster above dont seem to understand the issue, you may want to have another go at explaining what you think the issue is.0
-
£10308.99 to 3rd April plus £87.36 (£29.12/day for 4th 5th and 6th April) =£10396.35.
Pension is taxed when you earn it not when it's paid2 -
The basis of how state pension payments are measured for tax purposes was covered in a similar previous thread:patsy43 said:my self-assessment says 10396 pounds state pension I have been paid 10512.84 up to the 10h of April or 10308.99 paid to the 3nd of April this dose not make sense
paid 19th of April 23 116.49 then 203.85 a week to last payment to day 10th paid back words up to the 5th April
https://forums.moneysavingexpert.com/discussion/6406414/tax/p1
which in turn referenced the HMRC guidance:Subject to the following 2 exemptions, the taxable amount is the amount of pension accruing in the tax year. This may be different from the amount actually paid in a tax year.https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim75700
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards

