State pension gross figure?

Jonatek

I can easily obtain a P60 for my private pensions in order to complete my annual self assessment for HMRC. However, I fail to see anywhere at the GOV.uk site where I can obtain a gross figure for state pension for my previous tax year. 

Any suggestions please? 

Thanks! 

MallyGirl

it is always paid gross so you could just add the payments up from the receiving bank account

Jonatek

Thanks for that!

Phoenix72

MallyGirl said:

it is always paid gross so you could just add the payments up from the receiving bank account

Although you could do that it make not give you the correct taxable figure. State pension is paid in arrears but is taxable on accruals basis.

OP - is the pension figure not pre-populated in your raturn?

Marcon

Jonatek said:

I can easily obtain a P60 for my private pensions in order to complete my annual self assessment for HMRC. However, I fail to see anywhere at the GOV.uk site where I can obtain a gross figure for state pension for my previous tax year. 

Any suggestions please? 

Thanks! 

Yes: https://www.manage-state-pension.service.gov.uk/

You need to tick the box saying you've received a letter from the State Pension Team (you won't need any details from this mythical communication), or you'll be told you can't use the service. Some people seem to have been told that even if they tick that box, but it's worth a go.

jem16

Marcon said:

Jonatek said:

I can easily obtain a P60 for my private pensions in order to complete my annual self assessment for HMRC. However, I fail to see anywhere at the GOV.uk site where I can obtain a gross figure for state pension for my previous tax year. 

Any suggestions please? 

Thanks! 

Yes: https://www.manage-state-pension.service.gov.uk/

You need to tick the box saying you've received a letter from the State Pension Team (you won't need any details from this mythical communication), or you'll be told you can't use the service. Some people seem to have been told that even if they tick that box, but it's worth a go.

I can't see anywhere on that which gives you a P60 type figure. Simply gives you your next payment amount.

jem16

Phoenix72 said:

MallyGirl said:

it is always paid gross so you could just add the payments up from the receiving bank account

Although you could do that it make not give you the correct taxable figure. State pension is paid in arrears but is taxable on accruals basis.

OP - is the pension figure not pre-populated in your raturn?

Mine was pre-populated but not correctly.

The figure used for the tax code is 51 times new rate and one times old rate. The figure pre-populated was 52 times new rate.

That doesn't even account for the odd tax year which actually has 53 accrued payments. HMRC Community Forum Admin have given me several different answers on how to deal with it.

Marcon

jem16 said:

Marcon said:

Jonatek said:

I can easily obtain a P60 for my private pensions in order to complete my annual self assessment for HMRC. However, I fail to see anywhere at the GOV.uk site where I can obtain a gross figure for state pension for my previous tax year. 

Any suggestions please? 

Thanks! 

Yes: https://www.manage-state-pension.service.gov.uk/

You need to tick the box saying you've received a letter from the State Pension Team (you won't need any details from this mythical communication), or you'll be told you can't use the service. Some people seem to have been told that even if they tick that box, but it's worth a go.

I can't see anywhere on that which gives you a P60 type figure. Simply gives you your next payment amount.

A P60 is designed to give you details of the tax paid during the year. State pension is paid gross so you won't find anything comparable - but using the link I gave gives you easy confirmation of the amount you're receiving so you can do a simple sum.

jem16

Marcon said:

jem16 said:

Marcon said:

Jonatek said:

I can easily obtain a P60 for my private pensions in order to complete my annual self assessment for HMRC. However, I fail to see anywhere at the GOV.uk site where I can obtain a gross figure for state pension for my previous tax year. 

Any suggestions please? 

Thanks! 

Yes: https://www.manage-state-pension.service.gov.uk/

You need to tick the box saying you've received a letter from the State Pension Team (you won't need any details from this mythical communication), or you'll be told you can't use the service. Some people seem to have been told that even if they tick that box, but it's worth a go.

I can't see anywhere on that which gives you a P60 type figure. Simply gives you your next payment amount.

A P60 is designed to give you details of the tax paid during the year. State pension is paid gross so you won't find anything comparable - but using the link I gave gives you easy confirmation of the amount you're receiving so you can do a simple sum.

Yes I realise what the P60 is for. I do think there should be something similar though as it’s not really a simple sum. Most people will simply add up the 4 weekly payments made in the tax year which will not necessarily give the correct taxable amount. 

german_keeper

This is copied directly from the notes you should have received to accompany the SA form and help to complete it. If completing online it is also on gov.uk. I have no experience of completing online but I assume the notes are readily available. As it happens I just googled self assessment notes to find them.

Box 8 State Pension Use the letter ‘About the general increase in benefits’ that the Pension Service sent you to find your weekly State Pension amount. Add up the amount you were entitled to receive from 6 April 2023 to 5 April 2024 and put the total in box 8. For tax purposes, the correct amount is always the figure of weekly entitlement not the number of payments you received, so this will be the first week at the old weekly pension rate, plus 51 weeks at the new weekly pension rate.

jem16

german_keeper said:

For tax purposes, the correct amount is always the figure of weekly entitlement not the number of payments you received, so this will be the first week at the old weekly pension rate, plus 51 weeks at the new weekly pension rate.

Yet despite those notes, the pre-populated figure in my SA online form doesn’t follow that.