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Warning re PAYE codings on pensions

Warning on PAYE codings on pensions

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Two of my ex-clients have recieved erroneous coding notices. In both cases the managment of the pensions has changed and HMRC have assumed receipt of two pensions therby doubling the taxable income. HMRC have recognised the problem. I do  not yet know how quick the corrections will be. As revised 2017-18 coding notices have been issued will have immediate effect on income of pensioner.

 

 

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By K81
06th Feb 2018 13:13

this has been ongoing problem for some time now & not just with pensions.
anyone who has changed payroll provider or software has this problem also.

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