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

MR_Johnson67
Posts: 6 Forumite

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
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
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Comments
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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.0 -
MR_Johnson67 said: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
And a rough idea of the amounts involved.0 -
MR_Johnson67 said: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
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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