Connect with us

News Beat

HMRC issues update on tax code changes for state pensioners

Published

on

Cambridgeshire Live

HMRC has issued an update on tax code changes for state pensioners, after a person approached the tax authority on social media

State pensioners could see changes to their tax code, with HMRC clarifying its procedures following an enquiry from someone preparing to begin claiming their state pension.

The individual contacted HMRC via social media, as they were due to begin receiving their payments from February 2026.

Advertisement

The taxpayer told HMRC that since they would shortly be claiming the benefit, they would “need to notify you of this increase to my income”.

They outlined their circumstances: “I can see my two personal pensions in my account but can’t see how to add the state pension so my tax code is adjusted.”

The full new state pension currently stands at £230.25 weekly, with payment rates scheduled to rise by 4.8 per cent next April, pushing the full new amount to £241.30 weekly, reports the Mirror.

State pension payments rise each April according to the triple lock policy. This boosts payment in line with either 2.5 per cent, the increase in average earnings, or inflation – whichever of these three figures is highest.

Advertisement

In response to the taxpayer, HMRC stated: ” DWP will notify us when the state pension starts, and we’ll amend your tax code to suit.”

Key changes to the state pension

You can presently begin to claim your state pension when you reach the age of 66. However, the state pension age is rising from next April, climbing gradually to 67 by April 2028. Claims for the payments can be made via the Government website, up to three months prior to reaching state pension age.

The DWP should send you a letter containing an invitation code which you can use to claim the benefit. Alternatively, claims can be made by phoning the Pension Service, up to four months before reaching state pension age.

When can my tax code change?

Your tax code may alter due to various circumstances, such as commencing a new job or beginning to claim a taxable state benefit like the state pension. An increase in your weekly state pension amount could also trigger a change in your tax code.

Advertisement

Individuals can check their projected state pension amount on the Government website. To qualify for the full new state pension, typically 35 years of National Insurance contributions are required.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2025 Wordupnews.com