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Undeclared Income But Still Below The Basic Threashold For Tax

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  • Bookworm105
    Bookworm105 Posts: 2,015 Forumite
    1,000 Posts First Anniversary Name Dropper
    jam0366 said:
    Thanks for reply. No to Marriage Allowance,. Taxable income for year end April 2025: Pension 5,000 Carer Allowance 5,260 and 2 weeks of State Pension 440 so 10,700 total income.

    but for 25/26 you are required to register for self assessment tax return as the state pension is taxable income and as you do not have an employment through which a tax code could collect tax owed you will instead need to self assess.

    The OP says that they are also in receipt of a works pension - depending on how small, the tax could be collected via that by a tax code adjustment. Even if it's too small (I think they are only allowed to reduce the pension by 50% at most) then there is no need to register for self assessment unless there are reasons for needing to do other than being in receipt of state pension. According to gov.uk HMRC will write at the end of the tax year to say how much tax is owed and request payment. 
    Tax when you get a pension: How your tax is paid - GOV.UK
    fair enough, Have to admit could not be bothered to read the whole post
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