📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The taxation of pension income: pension payments made in arrears

Taylor2000
Taylor2000 Posts: 40 Forumite
10 Posts Photogenic Name Dropper
edited 19 March at 2:42PM in Cutting tax
If someone has deferrred their occupational pension from age 60 to SPA (age 67) and then receives a large backdated lump sum of pension payment arrears can they have those payments attributed back to relevant tax years (so as not to face higher rate liability). I am looking at https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim75020 and wondering if a person could take advantage of this or or would this only apply "If a pension provider discovers a long-standing underpayment of pension, ..." as stated in the section about pension paid in arrears.

Comments

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.4K Work, Benefits & Business
  • 599.6K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.