Confused about paying 40% income tax

Dazed_and_C0nfused

SiliconChip said:

Dazed_and_C0nfused said:

ahfat41 said:

Looks like will be paying 40% tax on some of my pensions. Get approx £20,000 nhs pension, £13,000 late husband nhs and £14,000+ state pension. Am I correct? Thanks

Yes.

You can reduce the 40% payable a little bit making some relief at source pension contributions to a SIPP.

But given your income is only ever going to increase getting money out without them paying 40% tax on 75% will be difficult!

You're going to have to show us the working that led you to this conclusion, because as @TadleyBaggie says the total of those pensions is below the higher rate limit unless you know something that we don't about the OP's tax code.

I thought the op had just moved to Edinburgh.  Honest gov!

Flugelhorn

ahfat41 said:

Looks like will be paying 40% tax on some of my pensions. Get approx £20,000 nhs pension, £13,000 late husband nhs and £14,000+ state pension. Am I correct? Thanks

you are still OK but eventually (few years)  you will get taxed at higher rate