HMRC Admin 5 Response

Hi

We cannot provide financial advice in this forum.  For that you will need to seek professional advice.  
It is up to you whether you take the lump sums in different tax years or the same tax year.  
You will receive 25% tax free either way.

Thank you.

Hi

We can review the current tax year plus the previous 4 tax years. This will be back to the 2020/21 tax year.
We would need to access your record to review. You can contact HMRC at Income Tax: general enquiries

Thank you

Hi 

While it will appear the full amount of state pension is applied to your tax code, your code will also have been changed to a Week 1 / Month 1 basis - this means that you  receive a week's worth of your tax free allowances, every week.
Adding the full amount of your state pension entitlement to your code then ensures your weekly allowances are reduced by 1/52 of your overall state pension entitlement,
so that you effectively pay the right amount of tax on the state pension you receive each week.
If you need any more advice on how your code has been updated, contact us by webchat or phone via
Income Tax: general enquiries

Thank you

Hi Chiefweasel

If paying into a personal pension then the contribution made would not be added to your salary to calculate your adjusted net income Personal Allowances: adjusted net income

Thank you

Hi

You would need to declare the 2023/24 P11d on your Self Assessment tax return.
The taxable benefit decalred will then be used as an estiamte going forward in your 2024/25 tax code.
If the benefit details have changed then once the code has been amended you can contact HMRC to review Income Tax: general enquiries

Thank you

Hi Adrian

HMRC cannot issue a tax code prior to an income source being in payment and the SIPP company will therefore operate an emergancy tax code on your withdrawal.
The tax can then be reclaimed by submitting the DT Individual form - this must be certifies by the Maltese government at section 1.  
The pension details should be declared at section C2. If you intend to take a monthly pension payment we can then issue the NT code so that no further tax is taken.

Thank you

Hi 

If you still haven't received your UTR, there may have been an issue with your application.
To allow us to check this for you, and register you if necessary, contact us by webchat or phone via Self Assessment: general enquiries

Thank you

Hi Adrey

You can request your tax return by webchat, or in writing - just go to Self Assessment: general enquiries

Thank you

Hi 

I'm sorry for the delay in refunding you your overpayment.
When carrying out checks on your overpayment, we may need to contact your sources of income to verify the figures you've provided - as such, releasing your overpayment can be dependent on how quickly we receive a response from these sources. While we fully appreciate how frustrating the wait to receive your repayment can be, we also have an obligation to be careful with taxpayer's money - any repayment fraudulently claimed and incorrectly issued is valuable public money potentially lost.

Thank you

Hi

Once the paper tax return is processed a tax calculation, form SA302, will be issued to you.
The current timescale is 7-8 weeks. This is an estimate and may change. 

Thanks