Pension Tax

800,000 People at Risk of State Pension Forecast Errors as HMRC Warning Emerges

by
800,000 People at Risk of State Pension Forecast Errors as HMRC Warning Emerges

HMRC State Pension Error Warning HMRC has confirmed an issue involving the State Pension figures used in some tax calculations, meaning some pensioners may have had an incorrect amount used when their tax was worked out. The problem relates to the way State Pension figures were carried into PAYE reconciliations, Self Assessment and Simple Assessment … Read more

HMRC Tax-Free Allowance Jumps to £13,037 – State Pensioners Could Benefit From This Rule

by
HMRC Tax-Free Allowance Jumps to £13,037 – State Pensioners Could Benefit From This Rule

£13,037 Pension Tax Threshold Explained State Pensioners and other pension recipients may need to pay attention to a new £13,037 threshold appearing in the Government’s 2027/28 tax rules. However, this figure is not a new £13,037 Personal Allowance. The standard Personal Allowance remains £12,570 for 2027/28. What Does £13,037 Mean? The £13,037 figure is the … Read more