Royalty question

Horse_Pills

Hello,
Following the death of my mother I am recieving royalties from my father's books, which I have to declare for tax.
My question is is this money pensionable?
Thanks for looking!

agrinnall

Pensionable in what way? State Pension? Are you making NI contributions based on the value of the royalties? Private Pension?



You might be better posting on the Pensions board anyway.

BoGoF

I would think not as pensionable earnings are generally earned income and these royalties are not earned income (not earned by you)

Horse_Pills

Thanks for the replies.
I think that you are right BoGoF - hoping that you're not!
Does anyone know where I can find out for sure?

antrobus

Relevant earnings for pensions purposes
https://www.rossmartin.co.uk/private-client-a-estate-planning/income-losses-claims-reliefs/1034-relevant-earnings-for-pensions-purposes

Normally, royalties from a book would count as 'Income chargeable under Part 2 ITTOIA 2005 immediately derived from a trade, profession or vocation', namely that of being an author.

The OP has no trade, profession or vocation as an author, the royalties received are miscellaneous income, and not relevant earnings.

To be sure ask a proper accountant or HMRC.