HMRC Is Shite

HMRC Is Shite
Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.

Tuesday, 9 February 2016

HMRC Pension Problems

As the state pension system moves to flat rate in April, National Insurance contributions will determine the level of pension received.

All perfectly normal and logical. However, there appear to be difference between the records held by HMRC and employers. As such, there is a risk that some pensioners will be over paid and others underpaid.

HMRC has claimed “no pensioners will lose out” due to faulty data supplied by their employers pension schemes.
A spokesperson for HMRC has told the FT Adviser that it is working closely with pension funds to make sure their records are completely up to date, while all pension providers should use the official checking service to make sure their members’ records are accurate.
HMRC is offering a free reconciliation service to enable the schemes to match their records against HMRCs, based on employers’ PAYE returns. This service has been available for nearly two years and HMRC urges employers to register for it before the deadline of 5 April.

For individuals shortly reaching their state pension age there is a fast track service to ensure they get the correct pension.”
Let us see how this all ends up working out!

Tax does have to be taxing.

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1 comment:

  1. MyCSP (Civil servant pensions) are absolutely fucking useless too with 77% of all records either lost or inaccurate data. Just like this, its endemic....couldnt organise a piss up in a brewery. More fuck ups on the way.