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HMRC updates Employment Income Manual for October 2023

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Published on: 10 October 2023
Published by LNB News

LNB News 10/10/2023

Document Information

Issue Date: 10 October 2023

Published Date: 10 October 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

HM Revenue & Customs (HMRC) has updated sections in the Employment Income Manual which deal with the taxation of pension income. Section EIM75620 has been updated for the removal of the lifetime allowance (LTA) charge from 6 April 2023, section EIM75420 has removed reference to the LTA charge, and reference to the normal minimum pension age (NMPA) increasing to age 57 from 2028 has been added to both section EIM75420 and EIM75400.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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