It is the 'traditional' 13 times usual monthly payment, as I believe, was the common recommended figure from the help notes accompanying the paper SA (though I think even that wording may have varied year to year!), presumably as a compromise figure to get around working out the fully 'correct' figure.Arborbridge wrote:Except that it isn't what I was actually paid, is it. Why the HMRC want to tax me on this figureLootman wrote:I have an accountant do my taxes and in regards to the state pension he asks me just one question: What was the DWP statement of the weekly amount you receive for that tax year?
He takes that number and multiplies it by 52. Couldn't really be easier and certainly easier than looking up the dates and amounts of 13 payments!
On my spreadsheet, over the years, its total trends a bit higher than the total amount of SP actually paid.