Tax calculation for 23-24

Just60

Logged in to see if there is an news and the message now says" we will aim to calculate your tax by 5 April 2025".  Now wondering whether to continue to wait or make contact..  I will owe tax on interest, but due a larger rebate as I was deducted more PAYE than MyCSP should have taken when I retired part way into the year.

Dazed_and_C0nfused

Just60 said:

Logged in to see if there is an news and the message now says" we will aim to calculate your tax by 5 April 2025".  Now wondering whether to continue to wait or make contact..  I will owe tax on interest, but due a larger rebate as I was deducted more PAYE than MyCSP should have taken when I retired part way into the year.

If you don't need the money you could just wait.

Once it gets past 31 January you will get 3.75% interest.  Not market leading rate but it is tax free.

Just60

Just an update. Received a revised tax code today which accounts for the interest, but frustratingly the 23-24 tax calculation itself is still outstanding. Naively I had assumed it would all be done at the same time. Will wait a little longer given the advice above and luckily this will be the only year that I experience this.