HuwWaters
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Private pension - PAYE code
I have recently started to receive a private pension on top of my employee salary, so I am now told I have 2 sources of income and 2 tax codes. My employee tax code changed from CK1523X to CK1779X to reflect the extra income from my private pension. I assumed that this increase in tax code would be used to pay income tax owed, but I have now also received a statement from my pension provider showing that they have also deducted tax on my monthly payment. Am I being taxed twice? Will I receive a refund? Thank you