Non-motoring > Income tax on pensions while still working Legal Questions
Thread Author: martin aston Replies: 10

 Income tax on pensions while still working - Falkirk Bairn
Depending on the value of the Pensions

She is entitled to approx £12000 per year tax free assuming she is not on 6 figure income when it reduces to zero - depending on her income she will be taxed at 20%, 40% or higher.

The pension can be paid with Standard rate deducted.

If your wife pays Higher rate tax then there will be an adjustment to the £12000 tax free element to collect the extra 20/25%.

I am retired - I get 4 former employer pensions + State Pension

State Pension is taxable but paid gross.

My other Pensions are all taxed with the £12000 tax free element reduced by the £10K State Pension I receive.
 Messages Author Date
 Income tax on pensions while still working  martin aston 16 Feb 22 14:50
 Income tax on pensions while still workin..  Fullchat 16 Feb 22 15:01
 Income tax on pensions while still worki..  Runfer D'Hills 16 Feb 22 15:09
 Income tax on pensions while still worki..  Bromptonaut 16 Feb 22 15:10
 Income tax on pensions while still worki..  tyrednemotional 16 Feb 22 15:24
 Income tax on pensions while still wor..  Falkirk Bairn 16 Feb 22 15:10
 Income tax on pensions while still worki..  martin aston 16 Feb 22 15:28
 Income tax on pensions while still work..  smokie 16 Feb 22 15:37
 Income tax on pensions while still wor..  Falkirk Bairn 16 Feb 22 15:53
 Income tax on pensions while still w..  RichardW 16 Feb 22 15:59
 Income tax on pensions while still ..  martin aston 16 Feb 22 17:06
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