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income tax advise please
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brovahelpa
Posts: 168 Forumite
in Cutting tax
I've just been given the higher personal allowance as I will be 65 next Feb. I've just retired and am awaiting my NHS pesion. The lump sum is meant to be tax free. Will it be included in my years income thus taking me over the 22+k and making me liable to more tax or will it not be included at all because its tax free? Thank You.
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it's tax free
so it won't be included your income for tax purposes0 -
brovahelpa wrote: »I've just been given the higher personal allowance as I will be 65 next Feb. I've just retired and am awaiting my NHS pesion. The lump sum is meant to be tax free. Will it be included in my years income thus taking me over the 22+k and making me liable to more tax or will it not be included at all because its tax free? Thank You.
I already answered your question 3 days ago and you thanked me for the answer.
http://forums.moneysavingexpert.com/showthread.html?t=1847479&highlight=
Why ask the same question again?
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