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Welcome to the twelfth edition of our newsletterWelcome to the 2017 pensioner’s newsletter, which has been compiled for individuals who currently receive a pension from Enfield Council. Our aim is to provide you with information that you will find both useful and interesting.

In this issue:

• PayslipDistribution2017

• FormP60

• PayDates2017/18

• PublicSectorPensionIncreases

• Budget2017

• TaxCodeChanges

• HMRC-PersonalTaxAccount

• NationalFraudInitiative

Payslip Distribution 2017Thepensionpayslipswillbeissuedasfollows:

March PayslipAttheendofMarchyoureceivedapayslipformonthending31stMarch2017.Thispayslipshowsthetotalpension paid and any tax deducted for the wholefinancial year 2016/17. These figures can be foundin the “Tax toDate” table on the bottom left of thepayslipandtheywillappearonyourP60.

April Payslip Along with any tax code changes for financial year2017/18, your April payslip will also show, whereapplicable, any pensions increase from 10th April.Thismeans,shouldyouqualify,aproportionofyourAprilpensionwillbeattheoldrateandaproportionatthenewrate.Pleaseseebelowforfurtherdetailsofthisyear’spensionsincrease.

May Payslip If applicable this payslip will show the new rate ofyour pension for a wholemonth following pensionsincrease. This will normally be the last payslip youwill receive untilMarch2018.Weno longer issue amonthlypayslipunlessthereisavariationtothenet monthly pension of at least £1.00 when comparedwithyourMaypayslip.

ISSUE TWELVE

PAYROLL&PENSION services update

UPDATE for Pensioners

Exchequer Services

www.enfield.gov.uk

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Pay Dates for 2017/18For pensioners who have their pension credited to bankaccountsintheUnitedKingdompaydatesforthe2017/18yearareasfollows:

PensionerswhohavetheirpensioncreditedtobankaccountsoutsideoftheUnitedKingdomwillnormallyhavetheirpensioncreditedfourbankingdayslaterthantheabovelist,althoughthismayvaryaccordingtolocalpublicholidays.

P60Before31stMay2017youwill receiveaFormP60.TheP60showstaxablepay,taxdeductedandyourfinaltaxcodeforthetaxyearstartingApril2016.ThesameinformationwillbegiventoHMRevenue&Customs(HMRC).

Your P60 is very important. You need to keep it safe in case you are asked to complete a tax return.IfyouloseyourP60youcanuseyourMarchpaysliptoobtainthefigures,asexplainedabove.IfyouneedacopyofyourP60pleasecontactthePayrollTeamusingthecontactdetailsattheendofthisNewsletter.

Period PayDay PayDay

2017

Apr 28/04/2017 Friday

May 31/05/2017 Wednesday

Jun 30/06/2017 Friday

Jul 31/07/2017 Monday

Aug 31/08/2017 Thursday

Sep 29/09/2017 Friday

Oct 31/10/2017 Tuesday

Nov 30/11/2017 Thursday

Dec 22/12/2017 Friday

2018

Jan 31/01/2018 Wednesday

Feb 28/02/2018 Wednesday

Mar 29/03/2018 Thursday

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Pensions Increase 2017Ifyourpensionbeganonorafter26thApril2016,youwillreceiveaproportionofthefullincreaseinaccordancewiththetablebelow.

Public Sector Pensions IncreasesLocalGovernmentpensionsareupratedby the increase intheConsumerPrices Index (CPI). EachAprilHerMajesty’sTreasury uses CPI in the previous September to ensurepensions are keeping upwith the cost of living.CPI is theGovernment’smeasureofhowpricesarerisingorfalling.

Witheffectfrom10thApril2017,qualifyingpensionerswillhavetheirpensionsincreasedby1.00%(orinaccordancewiththetablebelow).

From To Percentage

increase(%)Pensionscommencingonorbefore25April2016 1.00%

26April 25May 0.92%26May 25June 0.83%26June 25July 0.75%26July 25August 0.67%26August 25September 0.58%26September 25October 0.50%26October 25November 0.42%26November 25December 0.33%26December2016 25January2017 0.25%26January 25February 0.17%26February 25March 0.08%

Pleasenotethatpensionsincreaseisnormallypaidtopensionerswho:

• areaged55orover,or

• haveretiredduetopermanentill-healthregardlessofage,or

• arespousesanddependantsofformeremployeesorpensioners.

FurtherinformationaboutCPIcanbefoundbyvisitingtheOfficeofNationalStatisticswebsite:www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/previousreleases

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Budget 2017 UpdateIncome Tax Allowances

2016/17 2017/18

Personal Allowance £11,000 £11,500

TransferableTaxAllowanceformarriedcouplesandcivilpartners £1,100 £1,150

Rate % Net Taxable Pay

BasicRate 20% £0to£33,500

HigherRate 40% £33,501to£150,000

AdditionalRate 45% Over£150,000

Income Tax Bands

What is the Personal Allowance?NearlyeveryonewholivesintheUKisentitledtoanIncomeTaxPersonalAllowance.Thisisanamountofincomeyoucanreceiveeachyearwithouthavingtopaytaxonit.

ThePersonalAllowancewillriseto£11,500inthe2017-18taxyear.

Thevalueofthepersonalallowancewillberestrictedforthosewithannualincomesover£100,000.Thepersonalallowancewillbereducedby£1forevery£2thatincomeexceeds£100,000untilthepersonalallowanceisreducedtonil

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Transferable Tax Allowances for Married Couples & Civil PartnersThis allowance is currently set at 10% of the personal. Itallowsaspouseorcivilpartnerwhoisnotliabletoincometaxabovethebasicratetotransferthisamountoftheirpersonalallowancetotheirspouse/civilpartner.Therecipientmustnotbeliabletotaxabovethebasicrate.Therecipientiseligibletoataxreductionof20%ofthetransferredamount.

Toregisteryourinterestspleasefollowthislink:https://www.gov.uk/marriage-allowance

Changes to your personal detailsIt is extremely important that we keep our records up to date so thatwecankeepyouinformedofanychangestothepensionschemeandinsomerarecases,avoidthepossibilityofpensionpaymentsbeingsuspended.Couldyouthereforepleaseletusknowofanychangestoyourpersonaldetailssuchas:Surname,address,bankingarrangements,maritalstatusetc?

Ifwereceiveanyamendmentsbythe15thofthemonth,(orthelastworkingdaypriorto15th),thatchangewilltakeplaceforthatcurrentmonth.AnexceptiontothiswillbetheearlypaydayforDecember,wherewewillrequireanychangesbythe8thDecember.

Tax Code ChangesOccasionally HMRC issue tax code changes to individuals directly. These code changes areissuedapproximately4weeksbeforeHMRCnotifythePayrollTeam.

If you receive a change of tax coding, wait approximately two pay days and if by this time your tax code has not been reflected in your net pension payment, please contact the Payroll Team and we will investigate.

Why do I pay more tax since I started to receive my State Pension?IfyoureceiveaStatePensionyoumaypayadditionaltaxonthepensionyoureceivefromEnfield.ThisisbecauseStatePensionisclassedasataxableincomeeventhoughitisnottaxedinitiallywhen it ispaid toyoubyThePensionService,partof theDepartment forWorkandPensions(DWP).

WhenHMRCallocate your personal allowance itwill be reducedby the amount of yourStatePensionsothatthetaxdueonbothsourcesofincomearedeductedfromthepensionyoureceivefromEnfieldCouncil.

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HMRC – Personal Tax AccountIn2015HMRCintroducedthePersonalTaxAccount.SincethistimeithasbeenphasingintheuseofthisnewonlineaccountandbyApril2016alltaxpayers,bothbusinessandpersonal,havebeenabletomanagetheirtaxaffairsonline.

TaxPayersarebeingencouragedtosignupviathislink.

h t tps : / /www.gov .uk/persona l - tax-account?utm_source=HMRCPTApage&utm_medium=GOVUK&utm_campaign=PTA

HMRCsayoncesetupyoucanuseyouraccountto:

• checkyourIncomeTaxestimateandtaxcode

• fillin,sendandviewapersonaltaxreturn

• claimataxrefund

• checkandmanageyourtaxcredits

• checkyourStatePension

• tracktaxformsthatyou’vesubmittedonline

• checkorupdateyourMarriageAllowance

• tellHMRCaboutachangeofaddress

• checkorupdatebenefits youget fromwork, for examplecompanycardetails andmedicalinsurance

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National Fraud Initiative TheCouncilisrequiredbylawtoprotectthepublicfundsweadminister.Thismeansthatwemaysharethe informationprovidedtouswithotherbodiesresponsibleforauditingoradministeringpublicfundsforthepurposesofpreventinganddetectingfraud.

Laterthisyear,theCabinetOfficewillagainrequireustoparticipateinitsanti-fraudinitiative.ThisexerciserequiresustoprovidedetailsofpersonsinreceiptofapensionfromtheCouncilsothattheinformationcanbecomparedwithdataprovidedbyotherpublicbodies.Thiswillhelpensurethat,forexample,nopensionsarebeingpaidtopersonswhoaredeceased,orwhoarenolongerentitled,andthatoccupationalpensionincomeisbeingcorrectlydeclaredwhenhousingbenefitisappliedfor.

Sometimeswrongpaymentsaremadebecauseofagenuineerror,andpreviousexerciseshaveuncoveredinstancesofpersonsreceivingtoolittlepension,resultinginpaymentsbeingincreased.

Youdonotneed to takeanyactionat this time.However, youmaybecontactedagain if theexercisesuggeststhatyouarenotreceivingthecorrectamountofpension.

Further information is available on the GOV.UK website at https://www.gov.uk/government/collections/national-fraud-initiative.

Ifyoudohaveanyquestionsaboutthisanti-fraudinitiative,pleasecontacttheCouncil’sAuditandRiskManagementServiceon02083794028.

Please note that any changes in your circumstances, such as a change of address or bankaccountdetails,shouldbereportedtoPayroll&PensionServicesinthenormalway.

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IfyouwouldlikeanymoreinformationaboutanyitemsincludedinthisnewsletteroranyotheraspectofyourLocalGovernmentpension,pleasecontactusat:

Exchequer ServicesPensionTeamThomasHardyHouse39LondonRoadEnfieldEN26DS

ForanyqueriesrelatingtoyourpensionsuchaspensionsincreaseorGuaranteedMinimumPension(GMP)ratespleasecontactthePensions Team:

Phone: 02083793168Email: zpensions@enfield.gov.uk

For any queries relating to your pension payments, such as tax code changes or bankaccountchanges,pleasecontactthePayroll Team.

Phone: 02083795059 02083796101

Email: Surnames A to C zpayroll.a.to.c@enfield.gov.uk Surnames D to H zpayroll.d.to.h@enfield.gov.uk Surnames I to M zpayroll.i.to.m@enfield.gov.uk Surnames N to R zpayroll.n.to.r@enfield.gov.uk Surnames S to Z zpayroll.s.to.z@enfield.gov.uk

Other useful numbersFor information relating to yourState Pension, please contactThe Pension Service on03456060265

For informationonyourTeachers Pension,pleasecontactTeachers Pensionson03456066166

Forinformationrelatingto taxpleasecontactHM Revenue and Customson03002003300

Pleasenote forHMRevenue&Customsenquiries youmaybeasked toquote thePAYEreferencenumber,thisis120/B32 anditmaybehelpfultohaveyourNationalInsurance