Quote:
Originally Posted by VX1953
I didn't have to pay Income Tax until the State Pension Increase in April tipped me into paying TAX, they don't take the Tax off my State Pension, it comes off my NHS Pension.
Boo Hoo  |
So if a pensioner has a pension of more than £12570 we have to pay tax still, does it get taken off automatically and you don't have to fill in any forms?
I'm 5-10 years off from retirement depending on how much growth my 2 work pensions grow in that time, but they seem to be growing very well in the last year or so, so I'm hoping I can retire 5 years early and ride it out until the state pension kicks in.