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Tax on pension query..?
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The main scenario for having to do self assessment for someone like your friend would be if the tax due on the state pension (meaning state pension higher than personal allowance) plus the tax due on the other pensions came to more than half the other pensions. This is because, as yet, there is no tax code which can allow more than half an income to be taken in tax. Posted by badmemory
That does make sense - someone on a State pension of £13K (possible with full SERPS/SP2) and a tiny private pension could fall into that scenario.0 -
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Thanks all
Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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