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emergency tax code - cashing in pension

belgiumproperty
Posts: 1 Newbie
hi a relative age 79 is cashing approx £17,000 in via 1 year Canada Life policy - and (generic) application asks for P45 for current year -otherwise emergency tax code applied & correct one requested from HMRC by Canada Life
BUT my question is what form would a retiree have which can be sent with Application form to Canada Life .....do retirees have P45 for current tax year.
Thanks
Any advice appreciated - btw only small annuity /and state pension being paid to retiree
and present tax code on small annuity is for tax year till April 2017 Final Tax Code 627L
BUT my question is what form would a retiree have which can be sent with Application form to Canada Life .....do retirees have P45 for current tax year.
Thanks
Any advice appreciated - btw only small annuity /and state pension being paid to retiree
and present tax code on small annuity is for tax year till April 2017 Final Tax Code 627L
0
Comments
-
You would only have a P45 if you had left employment in this tax year.
In practice to would only have one if you had left work and claimed your pension, you wouldn't tend to be in this position.0
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