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Re: Pension amount question.
Quote:
Originally Posted by Pog66
You don't generally get taxed on a pension I believe.
Hugh's assumption is based on a final salary or defined benefit type pension - as the employer was a bank I woudl have thought a finakl salary would be in splace for some of the time however it MIGHT have been closed to contributions and changed to a stakeholder or defined contribution type pension.
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Just to clear up one point. You will get taxed on your Pension if your taxable income - (including any State Pension) - is more than your tax-free personal allowance.
Oops got pipped at the post by Mr LM 
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