If you have a query about your tax code please contact the tax office directly. The tax affairs for retired members of the Berkshire Pension Fund are dealt with at the following tax office:
Pay As You Earn and Self Assessment
HM Revenue and Customs
BX9 1AS
Telephone: 0300 200 3300
If you are contacting the Tax Office from overseas please dial: +44 135 535 9022
Tax Reference (please quote in all cases): 070/R5200
2024/2025 tax-free personal allowance
Most people in the UK get a personal allowance of tax-free income. This is the amount of income you can receive before you pay tax. The amount of income tax you pay in each tax year depends on:
- how much of your income is above your personal allowance
- how much of this falls within each tax band
The standard personal allowance from 6 April 2024 to 5 April 2025 remains at £12,570.
Some points to note:
The State Pension is taxable but tax is not deducted from your State Pension, you receive it as a gross amount.
Note: You do not get a form P60 at the end of each tax year for your State Pension, so you must keep your own records of your State Pension income.
If your total taxable income, including your State Pension, is less than your personal allowance you will not usually have to pay any tax. If it is greater than your allowances you will have to pay tax on the income that exceeds your allowances.
Your total income could also include:
- a private pension
- earnings from employment or self-employment
- any taxable benefits you receive
- any other income, such as money from investments, property or savings
Do you live in Scotland? If you live in Scotland you will receive the same personal allowance for 2024/2025, but your tax bandwidths will be different. HMRC will determine if you are a Scottish tax payer.
P45
The form P45 that an employer raises on the termination of employment should be sent to the Royal County of Berkshire Pension Fund, so that your tax-free allowances will continue to be received. It may be advisable, for those who are due to receive a higher income elsewhere, to direct the P45 to that source of income, so that the maximum tax relief is received in the short term.
Where no P45 is available, an emergency tax code will be applied and you will receive a P46 form for completion.
P60
A P60 will be issued to you each year which sets out your pay and tax details for the year to 31 March. There is a legal requirement to issue a P60 by 31 May each year. An explanation of your P60 can be found here.
It is advisable to keep your P60 documents safe as you may require them for future reference.