Income Tax

Your annual pension is subject to PAYE – Income Tax, and the Dyfed Pension Fund is obligated to comply with the coding issued by HM Revenue & Customs (HMRC).

When you retire, your former Employer should forward your P45 to the Fund. The tax code shown on the P45 will be applied on a temporary Month One basis until we receive new coding from HMRC.

If your tax code is not known immediately, an emergency code will be used as a temporary measure, the emergency code is 1257L.

All income tax code queries should be raised directly with the HMRC:

Tel:  0300 200 3300

In resolving your query, you will be required to provide your Surname, National Insurance Number and the Dyfed Pension Fund reference no. 615 / D6065C.