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Re: Moans and Pet Hates
Quote:
Originally Posted by Taf
I realise that the Tax system in the UK is complicated.
2 letters from HMRC. One says 24/25 I paid £26 too much tax which I can claim back. The other for 25/26 says they think I will owe £42, so they fiddle my income to get that back.
They could have just taxed my State Pension, but that would raise too many pensioners' hackles, I suspect.
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No, it's just simpler to take it from another income source (such as Private Pension) and match the State Pension against the Personal Allowance, as it is more likely to be less (not in my case, so I get a K code against another of my Private Pensions (to balance it out)).
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