jictink

Thank you for your reply but I'm not quite sure I understand. First of all what I received during the year in state pension is not the same as my entitlement for the year. I am ware that for income tax purposes, the state pension is treated differently from other income where the date of receipt is what matters. With the state pension it's the date of entitlement which matters. In my case my first entitlement in the 2023/24 tax year was on the 6th April 2023 with the final entitlement on the 4th April 2024. This meant 53 weeks of entitlement. This is different to my actual payments as I'm paid 4 weekly with the last one being in the 2024/25 tax year. As to asking the DWP to confirm the amount of payment, all that they will confirm is that I am entitled to receive £xxx.xx per week. They will not give me a figure for a full tax year's entitlement. So basically the advice is to change my SA each time and supply what I know to be the correct figures even though every year it's entered incorrectly?

I’m completing my Self Assessment for 2023/24 and noticed that the amount for my State Pension has been pre-populated with the figure of 52 times my weekly state pension amount. I understand that the tax due is based on when I became entitled to receive a payment as opposed to when I did receive it. However that 52 times the weekly rate figure is wrong as I actually would be entitled to 1 week of the old rate and 51 weeks of the new rate which is the figure correctly used for my Tax Code. So am I expected to amend that to the correct figure and if so why is the correct figure not being pre-populated? Also last tax year happened to be a 53 week payment year for me so should I amend it and state that as the reason for doing so?

Hi HMRC Admin 20 Surely as the 2022/23 prices are being held until April 2025 it shouldn't be necessary to call again as the reference will still be valid?

Hi Hilary, Based on what you say £195.59 is indeed what you will get if you make no further contributions. Paying for one more year will take you to £201.41. However paying for a second year would only increase your pension by £2.44 as you cannot go above the maximum. The first year is definitely worth it but the second year not so much.

35 years only applies to someone who began work from 6th April 2016 onwards. For the rest of us we're in a transitional phase from old to new system and anything from 29 to 50 years may be needed. With 40 years, the only reason you are not getting the full new state pension is because you have been contracted out. During that time you paid less NI as did your employer. In return your works pension makes up the difference. You can improve your state pension by either paying voluntary NI or getting NI Credits.