DK1966
Joined: 9/30/2023
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RE: Tax on state pension and work pensions in the first year of retirement
I recently received a tax calculation from HMRC for 2024/2025 in which they have included benefits in kind as a deduction against my personal allowance. I left my former company at the end of August 2023 when these benefits ended, so why are they included in the next tax year's figures. The HMRC have also added a car fuel benefit of over £8000, something I have never had with that company having paid for any private mileage on a monthly basis. So added together, including state pension, it comes to over £30,000 in deductions giving a tax code of K1660. They know I have left the company, they know I do not still receive any BIKs and they've even added one I have never had. You couldn't make it up.