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Tax Code increase

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
SWIM
Posts: 420
Joined: 11 Jan 2010, 20:33
Gender: Male

Tax Code increase

Post by SWIM »

I'm 55... full time... 24 years RM.

In June got £9k lump sum after tax from pension I'd had years/not paid into.
In July got age 60 lump sum of around £15k after tax from RM

Just had email from HMRC saying my tax code is going to change..
can I get this stopped/query it?
Thanks.
'deal of the century' - dingo
Jefferson Starfish
Posts: 902
Joined: 12 Aug 2011, 15:32
Gender: Female
Location: Greendale DO

Re: Tax Code increase

Post by Jefferson Starfish »

If your tax code increases, it means you can earn more before you start paying tax.

It's when it goes down you've got to worry.
Hitcher
Posts: 1489
Joined: 20 Sep 2009, 09:59
Gender: Male

Re: Tax Code increase

Post by Hitcher »

It’s just an HMRC computer glitch that thinks those one-off lump sums are regular monthly income, just HMRC or update it on the app.
SWIM
Posts: 420
Joined: 11 Jan 2010, 20:33
Gender: Male

Re: Tax Code increase

Post by SWIM »

Jefferson Starfish wrote:
27 Jul 2026, 19:48
If your tax code increases, it means you can earn more before you start paying tax.

It's when it goes down you've got to worry.
my mistake, presuming it means tax code decrease... 🤔
'deal of the century' - dingo
SWIM
Posts: 420
Joined: 11 Jan 2010, 20:33
Gender: Male

Re: Tax Code increase

Post by SWIM »

Hitcher wrote:
27 Jul 2026, 23:24
It’s just an HMRC computer glitch that thinks those one-off lump sums are regular monthly income, just HMRC or update it on the app.
what app?
thanks.
'deal of the century' - dingo
Hitcher
Posts: 1489
Joined: 20 Sep 2009, 09:59
Gender: Male

Re: Tax Code increase

Post by Hitcher »

SWIM
Posts: 420
Joined: 11 Jan 2010, 20:33
Gender: Male

Re: Tax Code increase

Post by SWIM »

Hitcher wrote:
28 Jul 2026, 07:58
HMRC mobile app.

https://www.gov.uk/guidance/download-the-hmrc-app
thanks. 💯
'deal of the century' - dingo