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Tax Coding

Bolkowbob · 2021-11-03 11:56:24

Some advice would be very much appreciated on the following. New to the forum so apologies if this is a repeat on an old subject. Retired at 60 and started taking a pension this year at 64. Have been issued a Tax Code that is under the normal single persons 12570L. When I enquired with the Tax Office why I was told it has…

Comments

Malchester Posts: 1,079 Forumite

12 November 2021 at 10:17AM

Dazed_and_C0nfused said:

At which point the interest deduction would be removed from your tax code (assuming it was small enough to be taxed at one of the 0% rates instead of using up some of your Personal Allowance).

Yes thanks. I realised that. I was just saying that, for someone who is a bit savvy about this sort of things it was confusing. HMRC were not the best at explaining it either

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