We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Taxation of State Pension
Comments
-
You are right. From April, my State Pension will be £13,248 which is £678 more than the personal allowance. That is £135 tax a year.blue.peter said:EDIT: Having state pensions exceeding the personal allowance presents a practical difficulty for HMRC and hence the Treasury.I have osteoarthritis in my hands so I speak my messages into a microphone using Dragon. Some people make "typos" but I often make "speakos".0 -
You are right. From April, my State Pension will be £13,248 which is £678 more than the personal allowance. That is £135 tax a year.
But just think, now you will be able to look the younger generation in the eye when those complaints about vast SP increases start up again.....
0 -
Is that your only taxable income?You are right. From April, my State Pension will be £13,248 which is £678 more than the personal allowance. That is £135 tax a year.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards