billd766 Posted April 18, 2022 Share Posted April 18, 2022 14 hours ago, BritManToo said: There's nothing for you to file. You get an email telling you your tax code is changed, and your new tax code = your personal allowance - your state pension. The new and reduced tax code is used for your other incomes/pensions. Nothing gets deducted from your state pension. If your personal allowance is 12,000 GBP, and your state pension is 9,000 GBP, your tax code becomes 3,000 GBP. No need for you to even think. If the state pension is your only income then you will not pay any tax at all. However if you have any additional income such as pensions etc HMRC will total up the amount, subtract the remainder of your personal allowance from you extra incomes and tax the balance at the basic rate and IIRC that is 20%. https://www.gov.uk/income-tax-rates Income tax bands are different if you live in Scotland. Band Taxable income Tax rate Personal Allowance Up to £12,570 0% Basic rate £12,571 to £50,270 20% Higher rate £50,271 to £150,000 40% Additional rate over £150,000 45% You do not get a Personal Allowance on taxable income over £125,140. 1 Link to comment Share on other sites More sharing options...
transam Posted April 18, 2022 Share Posted April 18, 2022 49 minutes ago, billd766 said: No matter what the government says it is NOT a benefit. https://www.dailymail.co.uk/news/article-2812400/Stop-treating-state-pension-like-benefit-earned-lifetime-work-says-minister.html https://www.gov.uk/state-pension https://www.ageuk.org.uk/information-advice/money-legal/pensions/state-pension/new-state-pension/ The state pension is a bit like a pantomime with one lot saying "it is a benefit" and the other lot saying, "oh no its not" https://petition.parliament.uk/archived/petitions/121267#:~:text=The State Pension is described,in the National Insurance Fund. 1 Link to comment Share on other sites More sharing options...
John Drake Posted April 18, 2022 Share Posted April 18, 2022 I'm not sure what a topic dealing with British pensions has to do with Thai news, but one thing is clear from all the complaints in this thread. The British are doing far worse economically in Thailand than are the Russians. 1 Link to comment Share on other sites More sharing options...
Will B Good Posted April 18, 2022 Share Posted April 18, 2022 9 minutes ago, John Drake said: I'm not sure what a topic dealing with British pensions has to do with Thai news, but one thing is clear from all the complaints in this thread. The British are doing far worse economically in Thailand than are the Russians. Home Country Forum........but yes, the British are basically swindled out of their pensions by the government and pension companies.......I read somewhere that the Dutch enjoy pensions 70% greater than the British for the same contributions made. Link to comment Share on other sites More sharing options...
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