PART 3DEDUCTION AND REPAYMENT OF TAX
CHAPTER 3F4NEW PENSIONERS: FORMS P45 AND P46(PEN)
PAYE pension income paid by former employerI155
1
This regulation applies if the pension payer was, immediately before the pensioner’s retirement, the pensioner’s employer and so, in accordance with regulation 36(3), no Form P45 was completed.
2
On making relevant pension payments to the pensioner, the pension payer must deduct tax on the non-cumulative basis, subject to regulation 32 (higher rate code: deductions), for the remainder of the tax year in which the pension starts or until directed otherwise by the Inland Revenue.
3
Within 14 days after the pensioner’s retirement, the pension payer must prepare a F3Form P46(Pen) and—
a
send it to the Inland Revenue, and
b
give F2a copy of the information to the pensioner.
4
The F3Form P46(Pen) must contain the following information—
a
the pensioner’s name,
b
the pensioner’s address, F5...
F1ba
the pensioner’s date of birth,
bb
the pensioner’s sex,
c
the pensioner’s national insurance number, if known,
d
the pension payer’s PAYE reference,
e
the date of retirement,
f
the total payments to date at the date of retirement,
g
the total payments to date relating to the employment in question at the date of retirement,
h
the total net tax deducted corresponding to the total payments to date relating to the employment in question,
i
the amount of pension payable F7annually,
j
any number used to identify the pensioner,
k
whether the pensioner’s code is use on the cumulative basis,
l
the pension payer’s name, and
m
the pension payer’s address.
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