>> I benefitted from not paying NI from age 58 when I retired on my company
>> pension. Not, as many pundits seem to assume, when I drew my state pension. This
>> seems hardly fair. I don’t see why I shouldn’t pay NI on my pension income
>> (over and above a tax/NI free threshold).
Had you had a job after you retired you would as I understand it have been liable for NI, subject to the limits, on your earned income. You only cease to be liable for NI after state pension age. NI just isn't a pensions tax. Not does it apply on the unearned income that many seriously rich people live on.
Have a clear conscience. Your pension presumably derives from your employment when you paid the NI.
Still, it's very generous of you. Nothing to stop you donating it to a worthy cause, I'm sure you could spend it more wisely than the government. In fact I doubt if it's possible to spend it less wisely than they have on test and trace, and PPE contracts.
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Tax rise new
Tax rise new
