TAX PROCEDURES
On behalf of the tax office at Regian House, the Fund sends you tax form P161 and leaflet IR23 together with an explanatory letter.
The tax office won’t know anything about you, how old you are, whether or not you are working and so on. It is therefore very important that you complete form P161 straightaway.
Once the tax office has determined your level of personal allowances, the tax-free amount of income you are allowed, they inform you of the code to be applied against your Local Government pension.
£ P
A code of 431 followed by a letter suffix would therefore be issued and used to tax any occupational pension. Tax cannot be deducted at source from any state pension or benefit, therefore any tax due is usually deducted from your Local Government pension.
Do bear in mind though, until the tax office issues the correct code, the Fund has to operate a temporary code to tax your pension.
Queries about Tax
Regardless of where you worked and which tax office you had whilst working, the tax office that deals with the Fund is:
HM Inspector of Taxes
Liverpool - Riverside
(Reference 428/M1)
Regian House
James Street
Liverpool
L75 1AA
