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Re: Starmer’s chronicles
Quote:
Originally Posted by Damien
Well, yes, but applies to any scenario where you're getting income above the state pension. Soon even the state pension will be taxed as the increases on it each year are going to take it above the threshold. Maybe a good to time to revisit the triple lock?  |
State Pension is already included in your taxable income, they just give you a K code on another of your pensions if you get over £12,750pa for your State Pension (I’m "fortunate enough" for that to happen), then the rest of your pension income gets taxed with a BR (20%) code.
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