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esa payments
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9 years 11 months ago #120899 by roger55
Replied by roger55 on topic esa payments
Hi Gordon this is part of letter from HMRC
PAYE CODING NOTICE 2014-2015
Personal allowance £10000
Other earnings(my largest pension) -£4747
A tax free amount of £5253
We turn £5253 into tax code of 525L DWP ESA will use this code when they pay you we tell DWP your tax code but not how it is worked out.
On my small pensions I am deducted 20% tax at source
I hope you can make some sense of this
PAYE CODING NOTICE 2014-2015
Personal allowance £10000
Other earnings(my largest pension) -£4747
A tax free amount of £5253
We turn £5253 into tax code of 525L DWP ESA will use this code when they pay you we tell DWP your tax code but not how it is worked out.
On my small pensions I am deducted 20% tax at source
I hope you can make some sense of this
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9 years 11 months ago - 9 years 11 months ago #120903 by roger55
Replied by roger55 on topic esa payments
Thanks Izzy
I understand what you write but my tax code is separated by HMRC and precisely what I get from Esa DWP is taken out of tax allowance the exact amount, rest of tax allowance goes to my occ pension the other 2 pensions are taxed at source help
I understand what you write but my tax code is separated by HMRC and precisely what I get from Esa DWP is taken out of tax allowance the exact amount, rest of tax allowance goes to my occ pension the other 2 pensions are taxed at source help
Last edit: 9 years 11 months ago by Gordon.
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9 years 11 months ago #120907 by Gordon
You need to get face to face advice from a trained financial advisor, all of your pensions and your ESA(CB) should be included in your taxable income, from your post this is not the case.
The DWP do not deduct tax from any benefit payments, it is the responsibility of the claimant to sort this out with HMRC directly
I am afraid that we cannot provide any more advice in regard to your Tax affairs on the forum.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic esa payments
roger55 wrote: Thanks Izzy
I understand what you write but my tax code is separated by HMRC and precisely what I get from Esa DWP is taken out of tax allowance the exact amount, rest of tax allowance goes to my occ pension the other 2 pensions are taxed at source help
You need to get face to face advice from a trained financial advisor, all of your pensions and your ESA(CB) should be included in your taxable income, from your post this is not the case.
The DWP do not deduct tax from any benefit payments, it is the responsibility of the claimant to sort this out with HMRC directly
I am afraid that we cannot provide any more advice in regard to your Tax affairs on the forum.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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9 years 11 months ago #120909 by roger55
Replied by roger55 on topic esa payments
Thank you Gordon
I have applied to CAB two weeks ago awaiting an appointment
thought some others may have had a similar expierence
Thank you again
I have applied to CAB two weeks ago awaiting an appointment
thought some others may have had a similar expierence
Thank you again
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9 years 11 months ago #120910 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic esa payments
Roger
As an example not intended to reflect your actual circumstances.
If you have two pensions, one of £5000/year and the other of £1000/year and your ESA(CB) pays £5000/year.
Then your taxable income is £11,000 (£5000 + £1000 + £5000)
minus a personal allowance of £10,000/year
Leaving £1000 (£11,000 - £10,000) actually liable to tax.
Gordon
As an example not intended to reflect your actual circumstances.
If you have two pensions, one of £5000/year and the other of £1000/year and your ESA(CB) pays £5000/year.
Then your taxable income is £11,000 (£5000 + £1000 + £5000)
minus a personal allowance of £10,000/year
Leaving £1000 (£11,000 - £10,000) actually liable to tax.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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