Quote:
Originally Posted by nomadking
Not meant to be paying for a mortgage or for several kids at that stage.
Ridiculous that somebody can still be working(eg as an MP), get theor salary, pay no NI, get state pension and other pensions, yet somebody doing the same job just gets the salary and has to pay NI. Not what the notion of a pension is meant to be.
|
But if that pensioner’s income exceeds the threshold, they pay tax on ALL income (after personal allowance), including the state pension and any private pension they get.