Mrs Aston is approaching 60 and will shortly be drawing a couple of small pensions from previous employers. Meanwhile she will continue to work for her current employer. Her tax allowance is all used up on her job. The current employer has no connection with the previous ones.
I have spent a fruitless couple of hours online trying to work out the mechanics that will apply so that she pays the right tax. All the online advice I can find says the new pensions will be taxed ( which I knew already) but not how it works.
There must be millions of people in similar situations so maybe I am looking in the wrong place. Can anyone on here please explain the basic mechanics of who does what to ensure the pensions are taxed appropriately.
I know she could just ring the tax office but she leaves all this stuff to me and I’d like to know how it is supposed to work before I try to get her to contact anyone. She has zero interest in things financial. Anyone who has seen Blackadder teaching Baldric to count will know what I am up against.
Last edited by: martin aston on Wed 16 Feb 22 at 14:51
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Income tax on pensions while still workin.. new
Income tax on pensions while still worki.. new
