Forces Recruitment Services

Ex-Military Recruitment Specialists

Tel: 01353 645004


News

Image for Do You Receive An Armed Forces Pension?

Nov 24, 2017

Do You Receive An Armed Forces Pension?


Veterans UK have seen an increase in member’s calls to the Armed Forces Pension Payment provider (Equiniti Paymaster) querying individual tax codes...

Where members are in employment and in receipt of a pension HMRC may have incorrectly based the tax code on an individual’s pension rather than their main salary.

What is my tax code used for?

Individual tax codes are used by your pension provider to work out how much Income Tax should be taken from your pay and pension. The code is calculated against an individual’s main salary.

What should I do if I think my tax code is wrong?

If you believe your tax code is wrong you can use the Income Tax online checking service - www.gov.uk/check-income-tax-current-year - to tell HMRC about a change in your circumstances.

If you are unable to use the online service you can also contact HMRC on 0300 200 3300.

 

Read more news stories

Contact

FRS HQ

Address:

Forces Recruitment Services
Unit 1H Grovemere House
RAF Witchford Museum
Lancaster Way Business Park

Ely
CB6 3NW

FRS on Twitter


Our thoughts are with the #GrenfellTower victims and their families, survivors and the local community today, six m… https://t.co/iM2SDrNdCZ

about 9 hours ago from Twitter Web Client



Signup For Our Newsletter!

Get resettlement and career change advice from the experts direct to your inbox!