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.
State Pension and tax code 2026/27
Comments
-
One had a payment early February so suggests January start date but no later than early February. Received a tax code for 2026/27 dated 27th January with correct tax code deduction of £12,536. Just received another letter with 2026/27 tax code saying £12,306 although Gateway account still shows £12,536.
The other February one says he reaches SPA this month.They will all have applied 4 months prior to reaching SPA.
0 -
Interesting. Is the January/early Feb person a taxpayer in this current tax year?
Are they certain the codes for 2026/27 are that way round, £12,536 being in the first code and that has now been replaced with £12,306?
When you say their Gateway account still shows £12,536 where exactly is this shown? As a stand alone State Pension amount or as a deduction in their latest tax code for 2026/27? Or somewhere else?
0 -
Yes current taxpayer as has an NHS pension.
They are certain as in dates received but the 2nd letter doesn’t give a specific date - just says January 2026.
It’s shown as a deduction in the tax code.0 -
I can't think why this would happen but I suspect the tax codes have arrived in the wrong order, especially if their Personal Tax Account currently shows the tax code deduction as £12,536.
£12,536 being the correct 1+51 value.
0 -
Yes this one perhaps doesn’t fit the issue completely. We shall see how many more appear with the same problem as I suspect there will be quite a few.
0 -
And whether, for the others, the problem stops being a problem a few days after HMRC get details of the pension starting in February or March 🤔
0 -
Looking at my Personal Tax account iy gives £12536 as State Pension figure for 2026/27
If the weekly amount is £241.32 (estimate nobody has told me yet) that's about 51.95 weeks or indeed 363.66 days.
Not too worried as never work out my tax to the nearest pound!
0 -
Incidently, my tax code for next year is 3L and gives me £34 tax free for the year (plus the state pension of course)
12536 plus 34 = 12570 sweet as a nut
Probably will be last time my code makes sense to me before they start messing
0 -
Is it not 1 week of the 2025/26 rate and 51 weeks of the 2026/27 rate (assuming you reached State Pension age after 5 April 2010)?
0 -
Sounds like at least one person has it calculated correctly. When did you reach SPA?
The tax code calculation is 51 weeks at £241.30 and 1 week at £230.25 so spot on at £12,536 if you reached SPA on or after 6th April 2010.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards