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Confused about Self Assessment 2024-2025

Mum161111 · 2025-02-07 05:05:47

When my pension arrived in my bank it was about £8 short. Unknown to me my tax code had changed after I received my January pension payment. I thought, at last, I understood about self assessment but now I am confused. With help from HMRC I completed the self assessment form for 2023 to 2024 and paid the amount owed by…

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Dazed_and_C0nfused Posts: 17,625 Forumite

7 February at 3:18PM

I think that the key thing you need to remember is what happens under PAYE is only ever provisional.

When you complete your tax return you will include all your taxable income details and PAYE tax deducted and that is all taken into account in your Self Assessment calculation. If you pay a bit extra under PAYE you will have a bit less to pay under Self Assessment 😉

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