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pension tax

Last post Wed, May 09 2007, 9:12 AM by shel. 1 replies.
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  •  Wed, May 09 2007, 9:12 AM

    Re: pension tax

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    Presumably he has other income as well? If his total income is above the nil rate threshold then the 'slice' above the nill rate band (or personal allowance) will be taxed at the appropriate rate. £70 on £250 is too much, but then £250 is surely not his only income, he must be entitled to a state pension and possibly pension tax credits too?
    • Post Points: 5

  •  Tue, May 08 2007, 11:26 PM

    pension tax

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    my father is 70 years old and recieves 250 pounds per month pension he pays 70 pounds a month tax does this sound right or should he investigate thanks.
    • Post Points: 20