Tax and Tax Codes
! Gwynedd Pension Fund cannot change your tax code.
✓ HM Revenue & Customs (HMRC) is responsible for your tax code.
✓ If you have a question about your tax or tax code, you should contact HMRC directly.
✓ When contacting HMRC, you should have your National Insurance number and Gwynedd Pension Fund's PAYE reference 914/B11081 available.
Telephone: 0300 200 1900
Will Income Tax be deducted from my pension?
Your LGPS pension is taxable, and Income Tax will be deducted from your pension payments in accordance with instructions provided by HM Revenue & Customs (HMRC).
How is my tax code determined?
If we receive a valid P45 from you before your pension is put into payment, we will use the tax code shown on that form.
If we do not receive a P45, we will apply a temporary tax code until HMRC provides the correct tax code.