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Tax relief on pension
doolali
Posts: 9 Forumite
If a pension is your only income can you have your tax personal allowance taken off of it ?
0
Comments
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I'll assume you are referring to the £22,000 pension you have been awarded.
Your pension is a form of taxable income and you will have your tax-free allowances on it as normal so the first £5435 will not be taxed. Don't forget any other taxable income such as savings interest (especially if you also got a lump sum) and dividend payments.0
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