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Confused about paying 40% income tax

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  • 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
    Flugelhorn Posts: 7,349 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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 
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