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Posted Fri, 19 Jan 2024 10:46:16 GMT by
Hi, I've been receiving a company pension for the past few years which appears on my PAYE record under 'Your current private pensions'. A second company pension has started this year, but this is appearing under 'Your current employment', with the name of my former employer. Basic Rate tax is being payed on this, which is correct. Whilst this is obviously incorrect, since I am not employed, will this cause any problems if the correct amount of tax is paid ? If so how do I change the 'employment' income to appear as a second pension ? Thanks.
Posted Mon, 22 Jan 2024 15:29:00 GMT by HMRC Admin 10 Response
Hi
This will not impact your tax liability in any way, so there is nothing you need do.  If you wanted, you could contact our PAYE help line 0300 200 3300, to have our records updated.
Posted Mon, 22 Jan 2024 15:33:04 GMT by
Thanks for the reply, I'll probably contact the helpline sometime soon, Thanks
Posted Fri, 16 Aug 2024 11:04:19 GMT by chammicham
Hi I have the same situation. Surely this will affect the NI that I pay as NI isn't paid on pension income but is paid on employment income. Thanks
Posted Fri, 30 Aug 2024 09:50:04 GMT by HMRC Admin 20 Response
Hi,
National insurance is only deductable from employment income and how much this is, is worked out by your employer.  
Even if your pension appears on our systems as employment, the pension provider, knows that this is not employment income and will not deduct national insurance from your pension.
Thank you.
Posted Thu, 10 Oct 2024 20:14:50 GMT by Denise Conlin
This happened to me too. Only discovered when I applied for carers allowance. Could the company benefit from this in any way?
Posted Thu, 21 Nov 2024 18:11:22 GMT by Karen Hadley
This has happened to me too. Rang self assessment and got nowhere. Is it Ok to leave as employment as it is taxed the same?

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