We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Tax on State Pension

At the moment, there is no P60 or statement of tax paid on Gov.org or anywhere else.  As the government are going to tax us and more people have to complete tax returns, will they now have to issue P60s?

Comments

  • molerat
    molerat Posts: 35,258 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    There is no direct PAYE tax on the state pension and there is currently no intention to do so therefore no tax documentation will be issued.  Any taxation is done either via PAYE through other employments or pensions or through self / simple assessment directly with HMRC.  Exactly the same as it has always been.
  • Qyburn
    Qyburn Posts: 3,910 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    There's nothing new this year or next year commencing April 2026.  Some people's State Pension will be taxable, as has been the case for years, but the basic New State Pension is and will remain below the Personal Allowance.
  • p00hsticks
    p00hsticks Posts: 14,739 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 28 November at 7:41PM
    Retailego said:
    At the moment, there is no P60 or statement of tax paid on Gov.org or anywhere else.  As the government are going to tax us and more people have to complete tax returns, will they now have to issue P60s?
    Many people already receive State Pensions that are over the tax allowance (especially those on the old pre-2016 pensions, despite what some misinformed people think), so there is already a working process in place. 

    DWP let HMRC know how much the person is entitled to in State Pension at the end of each tax year (NOTE: not necessarily the same as the actual payments received during the year) and HMRC will then collect any tax due either by adjusting the tax code used for any other PAYE sources of income (either employment or private pensions) or by writing to the person at the end of the tax year to ask them to pay the tax due. 

    No one has to complete a tax return if their only taxable income is from the State Pension
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.7K Banking & Borrowing
  • 253.8K Reduce Debt & Boost Income
  • 454.6K Spending & Discounts
  • 245.7K Work, Benefits & Business
  • 601.7K Mortgages, Homes & Bills
  • 177.7K Life & Family
  • 259.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.