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Do I have to start doing self assessment tax returns if I receive an annual pension

I guess the answer depends on my pension provider and other sources of taxable income.

Ive never filled a self assessment form in, and I am a bit worried i will mess it up.

I will be receiving ~25K but I will have other income. I will not be claiming the state pension for ten more years so for the moment we can ignore that

Comments

  • Isthisforreal99
    Isthisforreal99 Posts: 209 Forumite
    100 Posts Name Dropper
    You guess correct - it will depend what the 'other income' is so would be helpful if you had said what it was.

    If employment income or savings interest/dividends then no need for Self-Assessment Your new pension will be taxed via PAYE.
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,792 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    I guess the answer depends on my pension provider and other sources of taxable income.

    Ive never filled a self assessment form in, and I am a bit worried i will mess it up.

    I will be receiving ~25K but I will have other income. I will not be claiming the state pension for ten more years so for the moment we can ignore that

    What are the mysterious "other sources of taxable income" you refer to?

    And a rough idea of the amounts involved.
  • Marcon
    Marcon Posts: 14,666 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    I guess the answer depends on my pension provider and other sources of taxable income.

    Ive never filled a self assessment form in, and I am a bit worried i will mess it up.

    I will be receiving ~25K but I will have other income. I will not be claiming the state pension for ten more years so for the moment we can ignore that

    Have a look at https://www.gov.uk/check-if-you-need-tax-return


    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
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