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will trivial pension count as other income
deltafx
Posts: 9 Forumite
will it affect my working tax credit/child tax credit.of my trivial pension about £10.000 was taxable.
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Comments
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anyone .??0
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do you mean £10 or £10,000.
I would think that it would - have you called and asked them?:heartpuls baby no3 due 16th November :heartpulsTEAM YELLOWDFD 16/6/10"Shut your gob! Or I'll come round your houses and stamp on all your toys" The ONE, the ONLY, the LEGENDARY Gene Hunt :heart2:0 -
Pensions of most kinds are treated as income.
£10000 is not trivial.0 -
£10,000 is not trivial - my husband's teachers' pension is less than that and we have to live on it!
Best thing to do is call tax credits and ask them.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
seven-day-weekend wrote: ȣ10,000 is not trivial - my husband's teachers' pension is less than that and we have to live on it!
Best thing to do is call tax credits and ask them.
sorry i dont think i have expained . my pension went into adminastration due to under funding they concidered my pension as a trivial pension.and i got a one off lump sum of which £10000 was taxable .0 -
In which case you must inform the TC's of the sum.:heartpuls baby no3 due 16th November :heartpulsTEAM YELLOWDFD 16/6/10"Shut your gob! Or I'll come round your houses and stamp on all your toys" The ONE, the ONLY, the LEGENDARY Gene Hunt :heart2:0
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So you received £10,000 less tax?
You can also read your post as 'I got a one off lump sum of which £10,000 was taxable' Did you get more than £10,000 and only £10,000 was taxable?
Are you getting a monthly income from pension too?
I'm no expert but seems whatever you got would affect your tax credits. Aren't they based on income and savings?0 -
So you received £10,000 less tax?
You can also read your post as 'I got a one off lump sum of which £10,000 was taxable' Did you get more than £10,000 and only £10,000 was taxable?
Are you getting a monthly income from pension too?
I'm no expert but seems whatever you got would affect your tax credits. Aren't they based on income and savings?
yes i got more but only £10,000 was taxable .no not getting a monthly income from pension.just a one off payment.0
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