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Posted

For people of 65 indeed, but when you are retired at an earlier age it doesn't count... Then you have only 60.000 free as personal allowance and of course the 150.000 zero tax. Now fair in fact pension is pension

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Posted
2 minutes ago, ikke1959 said:

For people of 65 indeed, but when you are retired at an earlier age it doesn't count... Then you have only 60.000 free as personal allowance and of course the 150.000 zero tax. Now fair in fact pension is pension

The exemption of 190,000 is for being over age 65 years, not for receiving a pension.

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Posted

Good job @Mike Lister

 

Clear and concise and should put minds at rest for British State Pensioners. though not too sure how many are living in Thailand solely on the State Pension.

 

Could I respectfully ask you to amend the title to read ' British Expat pensioners  ' or you know what is liable to happen.

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Posted
46 minutes ago, ikke1959 said:

For people of 65 indeed, but when you are retired at an earlier age it doesn't count... Then you have only 60.000 free as personal allowance and of course the 150.000 zero tax. Now fair in fact pension is pension

I should also point out that in your case, having retired before age 65 and receiving a pension, your deductions and allowances are 60k for the personal allowance, max. 100k for 50% of your pension income, and, 150k zero rated for tax. Your tax free amount is therefore 310k per tax year.

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