HMRC has acknowledged a calculation error in the pension tax system, affecting approximately 1.7 million state pension recipients. The problem is attributed to the self-assessment system incorrectly pre-filling state pension income at the new rate for all weeks, instead of the correct correct week at the old rate and 51 weeks at the new rate. As a result, HMRC is reviewing potential reimbursements and advising affected pensioners to check their state pension amounts and PAYE coding notices for any necessary back-tax adjustments.
A HMRC calculation error led to overpaid taxes for 1.7 million pensioners. How to claim your refund and avoid future issues with your state pension tax.
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news.ycombinator.comDiscover HMRC state pension tax error. Learn how frozen allowances, DWP system gaps, and the latest glitches affect your tax code and how to claim a refund.
www.smebusinessblog.co.ukThe tax authority admitted a calculation mistake involving state pension income on self-assessment forms
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