PART 3DEDUCTION AND REPAYMENT OF TAX
CHAPTER 3NEW PENSIONERS: FORMS P45 AND P46(PEN)
PAYE pension income paid by other pension payer56.
(1)
This regulation applies if the pensioner gives Parts 2 and 3 of Form P45 to the pension payer when a pension starts.
(2)
The pension payer must insert in Part 3 of Form P45—
(a)
the pensioner’s address,
(b)
any number used to identify the pensioner, F1...
(c)
the date on which the pension started.
F2(d)
the pensioner’s date of birth, and
(e)
the pensioner’s sex.
(3)
The pension payer must then send Part 3 of Form P45 to the pension payer’s Inland Revenue office.
(4)
The receipt by the pension payer of Parts 2 and 3 of Form P45 under paragraph (1) is treated as the issue by the Inland Revenue of the code shown in Parts 2 and 3 of Form P45 as the code for use in respect of the pensioner.
(5)
On making relevant pension payments to the pensioner, the pension payer must, subject to regulation 32 (higher rate code: deductions), deduct or repay tax—
(a)
on the non-cumulative basis, for the remainder of the tax year to which Parts 2 and 3 of Form P45 relate;
(b)
on the cumulative basis, for subsequent tax years.
(6)
Paragraph (5) applies until the pension payer is directed otherwise by the Inland Revenue.