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  UK Legal — Re: Tax taken from pension payments by Alex Heney (1463 views)
On Wed, 1 Mar 2006 14:29:35 -0000, "davek"
<davek@brentmere53.fsnet.co.uk> wrote:

>
>My PAYE Notice of Coding form has just arrived. P2(New).
>>>Tax allowance for people 65 to 74 years is £7280.
>>>The K code (allegedly) means nothing.
>>
>> Rubbish.
>
>> <http://www.hmrc.gov.uk/pensioners/tax_codes8.htm>>
>>>They use it to make calculations confidential, so your occupational
>>>pension fund people can't calculate your
>>>total income. eg: £401 is turned into code K39.>
>
>> It is NOTHING to do with making anything confidential.>
>
>>>I'd call the IR on 0845 302 1459, or checkout www.inlandrevenue.gov.uk
>
>> > Although that still works, it is obsolete and redirects to
>> www.hmrc.gov.uk nowadays.
>> --
>'Rubbish', you say. Why so adamant?

<http://www.hmrc.gov.uk/pensioners/tax_codes8.htm>

HMRC tell us what it means there, so it clearly does not mean
"nothing", which is the main thing I was saying "rubbish" about.

>All the details I provided are on Form
>P2(New) Notice of Coding, dated
>12th February 2006. From Mr Keith Aldis, Officer in Charge/AreaDirector-
>Inland Revenue, Liverpool.

Well according to their own website, the details should not have been
put on there as you suggest, because that is simply not the case.

And if they think that subtracting 1 and dividing by 10 somehow makes
the total "confidential", then they have a VERY dim view of the
intelligence of the occupational pension fund people.
--
Alex Heney, Global Villager
Error: Keyboard not attached. Press F1 to continue.
To reply by email, my address is alexATheneyDOTplusDOTcom

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