As if pensioners didn't have enough to worry about, it has been brought to my attention that HMRC have sent out thousands of wrong tax codes to retired people in the UK. Nobody seems to know how big a problem this is, but it certainly seems big enough to me. Some people could be faced with paying more than £1,000 extra tax in a year.
As usual in these cases, it's being blamed on a new computer system and HMRC are unable to say how many people might have been sent the wrong code.
I don't know about you, but I'm finding it hard enough to manage on my limited resources without this kind of extra worry and uncertainty. At least I have been able to make a few extra shillings by writing one or two articles based on advice I got from the Retirement Revenue website. No doubt HMRC will want their share of that too.
Keep taking the pills!
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