No idea what my state pension actually is.

jem16

squirrelpie said:

jem16 said:

Marcon said:

jem16 said:

Marcon said:

VWIAWSNB said:

I've been receiving this now for a year. If I tally up the monthly amounts, will the total sum be net or gross? I presume the former?

Unbludybeliveably, if I log on to the Gateway, it'll happily show me stuff like the NI record, but will not show the actual annual pension I should be receiving (which should be the full). No actual sum.

I want to fill in a tax return, so where do I get this figure?! Surely I don't need to tally up each month's payment, and 'add' back on the presumed removed tax? Why is this so bludy hard... :-(

In short, when on their site can I find my 'pension'?

Ta :-)

If you file a tax return online, and wait until you are a month or two into the new tax year, the relevant state pension figure will have been auto-completed for you.

Alternatively, you can get the figure now from your personal tax account: https://www.gov.uk/personal-tax-account

What's hard about that?

Mine was pre-populated within days but as usual was wrong. The pre-populated figure is always 52 times the weekly rate whereas my entitlement - as that’s what must be entered - was 1 week of old plus 51 weeks of new. This is the amount that’s used in the tax code so why they can’t use the same amount to pre-populate the Self Assessment I do not know. It’s most annoying.

Just use the figure they've given. It's hardly a huge amount and the same 'error' will doubtless be repeated year on year, so effectively ironing itself out as you go along.

How is it going to iron itself out? Basically every year they are filling in a higher amount than I'm entitled to.

So you're complaining because every year they take a little less tax than they should?

Quite the opposite. Every year they’re taking more tax than they should be if I go with their figure which is higher than the correct figure.

badmemory

I have the same problem.  It is the DWPs fault as HMRC charge tax on what the DWP tell them & the DWP tell them 52 weeks not 1 week old & 51 weeks new.  One of these days though they are going to work out that a year has 53 paydays.

jem16

badmemory said:

I have the same problem.  It is the DWPs fault as HMRC charge tax on what the DWP tell them & the DWP tell them 52 weeks not 1 week old & 51 weeks new.  One of these days though they are going to work out that a year has 53 paydays.

Yet HMRC manage to use the correct figure in the tax code so they obviously know.

WIAWSNB

squirrelpie said:

If your only income is your state pension and other pensions (teachers' in your case) then you shouldn't need to fill out a tax return at all. It should all be automatic. As others have already said, you should have had notifications both of your state pension amount and the new tax code on your teachers' pension.

D'oh! As you and badmemory have pointed out, the only way my (tiny - waaaay under the threshold) teacher's pension would have been taxed - and it has been - is if they have taken my state pension into account. Sheeesh.

So, it's all been automatically sorted.

Double-d'oh.

Thanks all

FrugaiMacDugal

Just read your notification early March from DWP regarding new benefit and notification from HMRC Feb/Mar regarding tax code when you get them next year.

Thought teachers pensions were mega like police and doctors.

What did you teach, accountancy, economics?

WIAWSNB

FrugaiMacDugal said:

Just read your notification early March from DWP regarding new benefit and notification from HMRC Feb/Mar regarding tax code when you get them next year.

Thought teachers pensions were mega like police and doctors.

What did you teach, accountancy, economics?

You sarky get

I - possibly foolishly - opted out of it after a few years, as I needed more money there and then for my first mortgage and renovating the flat I'd bought. It's worth around £1800 pa

FIREDreamer

WIAWSNB said:

FrugaiMacDugal said:

Just read your notification early March from DWP regarding new benefit and notification from HMRC Feb/Mar regarding tax code when you get them next year.

Thought teachers pensions were mega like police and doctors.

What did you teach, accountancy, economics?

You sarky get

I - possibly foolishly - opted out of it after a few years, as I needed more money there and then for my first mortgage and renovating the flat I'd bought. It's worth around £1800 pa

🤦‍♂️

Added rhubarb.