I have lived outside the UK in SE Asia for over 10 years and my only UK income is a Civil Service pension of about £10,000 p.a. plus any interest on the UK bank account that the pension is paid into. I have just received a P60 which shows last year's tax code as 522L. An accompanying letter from Civil Service Pensions states that my tax code for this coming year will be K20.
My circumstances have not changed and I spend less than 2 months a year in the UK.
Is this likely to be a mistake or does anyone know of a change in tax legislation etc. which would have caused this dramatic change in tax liability? Many thanks and, if the answer is obvious, sorry I'm not au fait with UK tax matters now.
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