Changing my tax code mid-year

chrisbur

mybestattempt said:

chrisbur said:

Once a P45 has been received and you are not planning to seek employment a P50 would probably be the best option.
 https://www.gov.uk/guidance/claim-back-income-tax-when-youve-stopped-working

There is a section on the P50 to confirm that you will have no employment for the rest of this tax year.

A P50 claim cannot be made it if in receipt of state pension.

I agree that I was not 100% sure on the P50 option as gets a bit confusing over different taxable benefits, but as I see it the OP has a P45 which will have a tax code which has been calculated taking into account the state pension which is expected to be received this tax year.  The P45 figures are based on that tax code allowance as at the time of leaving so if the OP declares that no further pay is going to come to them, HMRC could calculate tax due at the year end and refund the difference between that and tax already deducted.

Nomunnofun1

chrisbur said:

mybestattempt said:

chrisbur said:

Once a P45 has been received and you are not planning to seek employment a P50 would probably be the best option.
 https://www.gov.uk/guidance/claim-back-income-tax-when-youve-stopped-working

There is a section on the P50 to confirm that you will have no employment for the rest of this tax year.

A P50 claim cannot be made it if in receipt of state pension.

I agree that I was not 100% sure on the P50 option as gets a bit confusing over different taxable benefits, but as I see it the OP has a P45 which will have a tax code which has been calculated taking into account the state pension which is expected to be received this tax year.  The P45 figures are based on that tax code allowance as at the time of leaving so if the OP declares that no further pay is going to come to them, HMRC could calculate tax due at the year end and refund the difference between that and tax already deducted.

HMRC don’t help. 

On the online version it helpfully provides a link to taxable state benefits which, of course, includes the state pension. 

I agree with your premise - that was how it used to work.

chrisbur

As I said a bit confusing but I still feel the P50 would be a good place to start.  On the P50 the taxable benefits mentioned do not include state pension and the above is from the GOV.UK site which very often over simplifies things.