".... don't suppose there's any on here is there? I'm being slaughtered by HMRC.
I'm collecting my state pension, and still working. I have no personal allowance now, I'm taxed on ALL my earnings  "
If your pension is more than the £12570 personal allowance, then you will pay tax on everything you earn at work... and probably a bit on the remainder of your pension.
Cal |
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By (user no longer on site) 40 weeks ago
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"You will still be entitled to your personal tax allowance of £12570. "
I should of explained that your pension income and earnings will be totalled together for the year, less the £12570, then you'll be fully taxed on anything above the £12570. Tax is a bugger. |
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".... don't suppose there's any on here is there? I'm being slaughtered by HMRC.
I'm collecting my state pension, and still working. I have no personal allowance now, I'm taxed on ALL my earnings
If your pension is more than the £12570 personal allowance, then you will pay tax on everything you earn at work... and probably a bit on the remainder of your pension.
Cal"
Yes Cal, my pension is more. I'm buggered now.  |
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