Dover.uk.com
If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.

All reported posts will be reviewed by a moderator.
  • The post you are reporting:
     
    Jan - if the new pension results in the consolidation of non-taxed benefits then that would be allowed for in the consolidation.

    Dont forget, at age 65 you do get an additional personal allowance providing you with up to £9,490 tax free income in the current year (under age 65 its £6,475). That gets reduced back to the standard personal allowance though if your taxable income is over £22,900 at a rate of £1 off the extra allowance for every £2 of gross taxable income over the threshold. In other words the State Pension, even at £140 per week, would not be taxed with a margin above it, only other income on top of that margin gets taxed. Hope that helps Jan.

Report Post

 
end link