PART 3DEDUCTION AND REPAYMENT OF TAX
CHAPTER 3F1NEW PENSIONERS: FORMS P45 AND P46(PEN)
F2Relevant pension payments and relevant payments being received by a pensioner54A
1
This regulation applies if the pensioner begins to receive relevant pension payments whilst continuing to receive relevant payments from their employer.
2
On making relevant pension payments to the pensioner, the pension payer must deduct tax on the non-cumulative basis using the 0T tax code.
3
The pension payer must send to HMRC the following information in the Form P46(Pen)—
a
the pensioner’s national insurance number, if known,
b
the pensioner’s full name,
c
the pensioner’s sex,
d
the pensioner’s date of birth,
e
the pensioner’s full address including postcode,
f
the date upon which the pension payments started,
g
the pensioner’s work payroll number and the department or branch (if any) in which the pensioner is employed,
h
confirmation that the recipient of the relevant payments is a pensioner,
i
the pension payer’s PAYE reference,
j
the pension payer’s name,
k
the pension payer’s full address including postcode, and
l
the tax code used in relation to the pension.
4
Before sending the Form P46(Pen), the pension payer must indicate in the form that code 0T is being used on a non-cumulative basis in respect of the pension.
Pt. 3 Ch. 3 heading substituted (6.4.2009) by The Income Tax (Pay As You Earn) (Amendment No. 4) Regulations 2007 (S.I. 2007/2969), regs. 1(3), 11