If you've got a P45 / P60 / Notice of Coding, send that to Equiniti ASP.I just got my first pension payment and it hasn't been taxed. The letter I received also show future payments with no tax.
Who should I contact about this, as I'm in the 40% tax bracket currently. HMRC or Equiniti?
Had mine also but it displays my tax code (1250L M1) already. I assume i'm paying tax then?If you've got a P45 / P60 / Notice of Coding, send that to Equiniti ASP.
Its not quite that simple - that shows how much income you can have before you need to pay tax - £12500 pa.Had mine also but it displays my tax code (1250L M1) already. I assume i'm paying tax then?
If your AFPS pension is your only source of income and its less than £12500 pa, you shouldn't be liable to tax.
When I got mine two years ago it was set up with me having a tax code of 1250 on both my pension and my salary, I think. I called HMRC and got them to apply my tax personal allowance to my pension. It then comes through without paying tax on it. I got what was left of my allowance as a tax code on my salary. This means I get my pension with little to no tax on it and my salary is all taxed at the correct rate. I thought that was best as my pension is static and my salary can change over time.I just got my first pension payment and it hasn't been taxed. The letter I received also show future payments with no tax.
Who should I contact about this, as I'm in the 40% tax bracket currently. HMRC or Equiniti?
You will be if your pension is more than £12,500 per year. Do you have any other incomes? If you also have a salary you need to ensure you don’t have two personal allowances or that you don’t benefit from 20% rate twice.Had mine also but it displays my tax code (1250L M1) already. I assume i'm paying tax then?
I think it’s best to give someone a bell or drop them an email about it. You know how shite the Tax Office can be.Does anyone in the tax office have to be told that its your only UK income or can you trouser it without informing anyone (if its below 12500)?
I just got my first pension payment and it hasn't been taxed. The letter I received also show future payments with no tax.
Who should I contact about this, as I'm in the 40% tax bracket currently. HMRC or Equiniti?
I wasn't medically discharged. I did 6 years a lifetime ago, so its not a lot of money, but I know I need to pay tax on it. But should it be taxed at source, or should I declare it to HMRC so they adjust my tax code?Were you medically discharge?
If not you are right to query it.
Equinity need to be told by the Veterans Agency to change anything. Speak to the Veterans Welfare Service that covers your area.
![]()
Veterans Welfare Service
The Veterans Welfare Service (VWS) provides a professional help and advice service to veterans or anyone supporting a veteran, their families and dependants.www.gov.uk
Dont use the VA general enquiries number (0808 1914 2 1, they really arent much use.
I wasn't medically discharged. I did 6 years a lifetime ago, so its not a lot of money, but I know I need to pay tax on it. But should it be taxed at source, or should I declare it to HMRC so they adjust my tax code?
It should be taxed at source, however the issue you have is that you need two tax codes, one for pension, one for employment. You obviously only get one personal allowance. If you go for your code against your salary then the salary will be taxed correctly. Your pension however will be taxed at 20% even if you tax code is 0. They are not joined up enough to know that your salary plus pension puts you in the 40% bracket so you will pay half the tax in your pension you should.I wasn't medically discharged. I did 6 years a lifetime ago, so its not a lot of money, but I know I need to pay tax on it. But should it be taxed at source, or should I declare it to HMRC so they adjust my tax code?
HRMC. They are the people who tell Equiniti Paymaster what the tax rate is.I just got my first pension payment and it hasn't been taxed. The letter I received also show future payments with no tax.
Who should I contact about this, as I'm in the 40% tax bracket currently. HMRC or Equiniti?