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.
help with tax please
state pension paid 369.95 on the 17th of April then 387.52 till the 1st April total 9688 for 25 payments i get paid every 2 weeks so total all to gather 10057.95 dwp have told the tax office 10076 ware dose the difference come from thank hope this makes sence
Comments
-
HMRC use figures provided by DWP There's no need to inform them.0
-
You are paid state pension in arrears but taxed on what you should have received on a weekly basis.
Does 1 week at the old rate and 51 weeks at the new rate come close to HMRC's figure?0 -
Did you not ask this recently, and you were told the answer, and you acknowledged this?
https://forums.moneysavingexpert.com/discussion/6520099/tax#latest
1 -
no that was my tax this is my husbands i know they is only a lettle diffarence but last year the diffarence was 46.00 pounds so its add in upla531983 said:Did you not ask this recently, and you were told the answer, and you acknowledged this?
https://forums.moneysavingexpert.com/discussion/6520099/tax#latest0 -
The principle is the same though - legislation says that DWP must tell HMRC how much State Pension you were entitled to in the tax year - usually one week at the old (start of the year) rate and 51 weeks at the new rate.patsy43 said:
no that was my tax this is my husbands i know they is only a lettle diffarence but last year the diffarence was 46.00 pounds so its add in upla531983 said:Did you not ask this recently, and you were told the answer, and you acknowledged this?
https://forums.moneysavingexpert.com/discussion/6520099/tax#latest
As most are paid four-weekly in arrears, that's almost always not the same as what you were actually paid over the same time-frame....
0 -
DWP don't tell HMRC an annual figure, just a weekly one.patsy43 said:state pension paid 369.95 on the 17th of April then 387.52 till the 1st April total 9688 for 25 payments i get paid every 2 weeks so total all to gather 10057.95 dwp have told the tax office 10076 ware dose the difference come from thank hope this makes sence
And 52 x £193.76 = £10075.52 so £10076 does seem £1 more than would be expected.
But 52 x the new rate is possible in some instances (as 6 April fell on a Saturday this year).
https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye760300 -
but should 1 week be at old rateDazed_and_C0nfused said:
DWP don't tell HMRC an annual figure, just a weekly one.patsy43 said:state pension paid 369.95 on the 17th of April then 387.52 till the 1st April total 9688 for 25 payments i get paid every 2 weeks so total all to gather 10057.95 dwp have told the tax office 10076 ware dose the difference come from thank hope this makes sence
And 52 x £193.76 = £10075.52 so £10076 does seem £1 more than would be expected.
But 52 x the new rate is possible in some instances (as 6 April fell on a Saturday this year).
https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye760300 -
Not in all situations,patsy43 said:
but should 1 week be at old rateDazed_and_C0nfused said:
DWP don't tell HMRC an annual figure, just a weekly one.patsy43 said:state pension paid 369.95 on the 17th of April then 387.52 till the 1st April total 9688 for 25 payments i get paid every 2 weeks so total all to gather 10057.95 dwp have told the tax office 10076 ware dose the difference come from thank hope this makes sence
And 52 x £193.76 = £10075.52 so £10076 does seem £1 more than would be expected.
But 52 x the new rate is possible in some instances (as 6 April fell on a Saturday this year).
https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye76030
SPA is before 6 April 2010Where the individual reached their state pension age prior to 6 April 2010, DWP make payments of state pensions on a fixed payday. State pension is paid on a Monday, except for widow beneficiaries who receive their pension on a Tuesday.As a result the Uprating Service will calculate the CY+1 coding deduction according to the day on which 6 April falls. This is because where 6 April falls on a week day after the Monday, these pensioners will only receive the new rate of state pension for 51 weeks.The Uprating Service will therefore use the calculations below to calculate the annual amount to be included in the codeIn years when 6 April falls on a Tuesday, Wednesday, Thursday or Friday the Uprating Service calculates the coding deduction at 1 week at the old rate and 51 weeks at the new rateIn years when 6 April falls on a Saturday, Sunday or Monday, the Uprating Service calculates the coding deduction at 52 times the new rate1
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
