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General   (General discussion, talk about anything.)

Started by: PeterP (11363)

We have got our notification of our state pensions and the tax man does come with a vengeance. For the last few years I have took the married allowance using part of my wife's allowance. This year because of her pension rise she will next year get a tax demand because she is going to be over her allowance for this year. Last year my tax code on my pit pension dropped from 367M to 336M this year it will drop to 134M so I will get hammered with taxPensioners be aware you cannot be taxed on your state pension but if you go past your personal allowance the tax man next year can send you a tax demand on this years new pension

Replied: 12th Mar 2024 at 10:51

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