State Pension Total For SA

justin128

Where find the total state pension payments for my self assessment, other than going through my bank account? It used to be already populated on the return, but was it was not last year 22/23. Going by the bank, my wife has 14 payments in the 23/24 tax year. First one on 6/4/23 and last one on 5/4/24. I only have 12 payments with a gap from 3/3/24 to 28/4/24, so not sure how this works as our circumstances have not changed in any way. Any advice would be appreciated.

Nomunnofun1

Read Box 8 - State Pension on page TRG 6

https://assets.publishing.service.gov.uk/media/670537c53b919067bb482e27/SA150_Notes_2024.pdf

Dazed_and_C0nfused

justin128 said:

Where find the total state pension payments for my self assessment, other than going through my bank account? It used to be already populated on the return, but was it was not last year 22/23. Going by the bank, my wife has 14 payments in the 23/24 tax year. First one on 6/4/23 and last one on 5/4/24. I only have 12 payments with a gap from 3/3/24 to 28/4/24, so not sure how this works as our circumstances have not changed in any way. Any advice would be appreciated.

What you were paid is irrelevant.  It is your entitlement for the tax year in question that counts.

Often, but not always, that is 1 week of the old rate (from March 2023 in your example) and 51 weeks of the new rate payable from early April 2023.

Or 52 weeks of the new rate, the difference will only be a few £££

Albermarle

Dazed_and_C0nfused said:

justin128 said:

Where find the total state pension payments for my self assessment, other than going through my bank account? It used to be already populated on the return, but was it was not last year 22/23. Going by the bank, my wife has 14 payments in the 23/24 tax year. First one on 6/4/23 and last one on 5/4/24. I only have 12 payments with a gap from 3/3/24 to 28/4/24, so not sure how this works as our circumstances have not changed in any way. Any advice would be appreciated.

What you were paid is irrelevant.  It is your entitlement for the tax year in question that counts.

Often, but not always, that is 1 week of the old rate (from March 2023 in your example) and 51 weeks of the new rate payable from early April 2023.

Or 52 weeks of the new rate, the difference will only be a few £££

What is the reason that the SP is taken into account for tax reasons when you are entitled to it, rather than when it is paid?
For example my DB pension is also paid in arrears, but as far as I know it is taxed when it is actually paid. As are wages when you are working.

Jeremy535897

Albermarle said:

Dazed_and_C0nfused said:

justin128 said:

Where find the total state pension payments for my self assessment, other than going through my bank account? It used to be already populated on the return, but was it was not last year 22/23. Going by the bank, my wife has 14 payments in the 23/24 tax year. First one on 6/4/23 and last one on 5/4/24. I only have 12 payments with a gap from 3/3/24 to 28/4/24, so not sure how this works as our circumstances have not changed in any way. Any advice would be appreciated.

What you were paid is irrelevant.  It is your entitlement for the tax year in question that counts.

Often, but not always, that is 1 week of the old rate (from March 2023 in your example) and 51 weeks of the new rate payable from early April 2023.

Or 52 weeks of the new rate, the difference will only be a few £££

What is the reason that the SP is taken into account for tax reasons when you are entitled to it, rather than when it is paid?
For example my DB pension is also paid in arrears, but as far as I know it is taxed when it is actually paid. As are wages when you are working.

The number 42, probably, if Douglas Adams is right.

Dazed_and_C0nfused

Albermarle said:

Dazed_and_C0nfused said:

justin128 said:

Where find the total state pension payments for my self assessment, other than going through my bank account? It used to be already populated on the return, but was it was not last year 22/23. Going by the bank, my wife has 14 payments in the 23/24 tax year. First one on 6/4/23 and last one on 5/4/24. I only have 12 payments with a gap from 3/3/24 to 28/4/24, so not sure how this works as our circumstances have not changed in any way. Any advice would be appreciated.

What you were paid is irrelevant.  It is your entitlement for the tax year in question that counts.

Often, but not always, that is 1 week of the old rate (from March 2023 in your example) and 51 weeks of the new rate payable from early April 2023.

Or 52 weeks of the new rate, the difference will only be a few £££

What is the reason that the SP is taken into account for tax reasons when you are entitled to it, rather than when it is paid?
For example my DB pension is also paid in arrears, but as far as I know it is taxed when it is actually paid. As are wages when you are working.

I don't know the original reason but it is heat the legislation specifics for State Pension (and some other social security benefits).

Paragraph 578 refers here.

https://www.legislation.gov.uk/ukpga/2003/1/part/9/chapter/5

Bookworm105

you will find this useful background on where to find entitlement info and how to populate the SA return
Tax on the state pension | Low Incomes Tax Reform Group

the accruals basis (ie entitlement rather than actual payment) is actually the statutory method applicable to most pensions, not just the state pension, but in practice "Pensioners are often content to pay Income Tax on the amount received in a year, as in most years the amounts accruing and received are similar. However, it is possible in certain circumstances for the amounts to be different. If a taxpayer requests the statutory basis this should be accepted"
EIM75010 - The taxation of pension income: pension income: essential principles - HMRC internal manual - GOV.UK
In respect of the state pension, then the statutory basis is "forced" on you as you do not have the choice to ignore it.

the accruals method is (nominally) fairer in dealing with arrears and advances that may end up spanning tax years. This gives a flavour of the issues:
EIM75020 - The taxation of pension income: pension payments made in arrears or in advance - HMRC internal manual - GOV.UK