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.
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.