HMRC Personal Tax Account: Now able to obtain state pension forecast.
HMRC’s Personal tax account has been in operation for 10 months now, and over 3.5 million users have registered to date. The account will be at the heart of the forthcoming ‘Making Tax Digital’ changes, and is currently in Public Beta testing.
Whilst further services and facilities will be added in due course, a particularly useful facility that is available at present is the State Pension forecast. Previously, applying for a forecast was a somewhat time-consuming affair, dealt with by post with several weeks between an application and reply. The online forecast indicates how many years of national insurance contributions you have accrued, and the likely level of state pension that you can expect. It also includes a breakdown of national insurance contributions for each tax year, making it easier to identify any errors in HMRC’s records.
Registering for the personal tax account is reasonably straightforward, and can be accessed here: