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Tax Question
1958vintage
Posts: 4 Newbie
in Cutting tax
I am in full emloyment and earn between £15000 and £20000 a year and am taxed accordingly. I am going to take a previous employers pension which will be £4000 per annum.
Will I be taxed on the pension income? if so at what rate?
Thanks all.
Will I be taxed on the pension income? if so at what rate?
Thanks all.
0
Comments
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Yes and 20%.0
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Be sure that you advise your tax office so that your tax codes are correct.0
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1958vintage wrote: »I am going to take a previous employers pension which will be £4000 per annum.
Assuming your username is your year of birth, are you able to take this pension considering you are under age 55?0 -
thanks for answers, planning ahead.0
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Vote Lib Dem and wait long enough and the personal allowance will be higher than your income!Hideous Muddles from Right Charlies0
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