Non-motoring > Tax and NI Question Miscellaneous
Thread Author: Bromptonaut Replies: 47
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 Sat 13 Nov 10 16:17 
 Tax and NI Question - Zero
I retired early, age 56.

I took 25% as a lump sum, and have a pension paid monthly.

You pay tax on your pension, but dont forget you are retiring during a tax year so your tax burden is the years earnings/tax code, ie the months you were paid salary, and the remaining months of the tax year you are paid pension.

You do not pay NI on pension, but this may effect your state pension. I have paid the max in (30 years I think) so I dont have to top it up. You may have to.


Last edited by: Zero on Sat 13 Nov 10 at 16:17
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 Messages Author Date
 Tax and NI Question  Bromptonaut 13 Nov 10 16:10
 Tax and NI Question  Zero 13 Nov 10 16:17
 Tax and NI Question  L'escargot 13 Nov 10 16:25
 Tax and NI Question  bathtub tom 13 Nov 10 16:50
 Tax and NI Question  Falkirk Bairn 13 Nov 10 16:58
 Tax and NI Question  AnotherJohnH 13 Nov 10 18:45
 Tax and NI Question  Bromptonaut 13 Nov 10 20:03
 Tax and NI Question  Tooslow 13 Nov 10 20:07
 Tax and NI Question  Bromptonaut 13 Nov 10 20:29
 Tax and NI Question  Tooslow 13 Nov 10 22:26
 Tax and NI Question  hobby 16 Nov 10 09:22
 Tax and NI Question  L'escargot 15 Nov 10 07:55
 Tax and NI Question  Bromptonaut 15 Nov 10 09:29
 Tax and NI Question  bathtub tom 13 Nov 10 19:48
 Tax and NI Question  Tooslow 13 Nov 10 19:49
 Tax and NI Question  Manatee 13 Nov 10 20:21
 Tax and NI Question  Bromptonaut 13 Nov 10 20:31
 Tax and NI Question  Zero 13 Nov 10 22:17
 Tax and NI Question  rtj70 13 Nov 10 22:26
 Tax and NI Question  Zero 13 Nov 10 22:34
 Tax and NI Question  rtj70 13 Nov 10 22:41
 Tax and NI Question  Zero 13 Nov 10 22:44
 Tax and NI Question  Zero 13 Nov 10 22:48
 Tax and NI Question  lancara 13 Nov 10 22:47
 Tax and NI Question  Zero 13 Nov 10 22:49
 Tax and NI Question  swiss tony 13 Nov 10 23:03
 Tax and NI Question  rtj70 13 Nov 10 23:12
 Tax and NI Question  Zero 13 Nov 10 22:31
 Tax and NI Question  Tooslow 13 Nov 10 22:35
 Tax and NI Question  Zero 13 Nov 10 22:40
 Tax and NI Question  rtj70 13 Nov 10 22:49
 Tax and NI Question  AnotherJohnH 14 Nov 10 13:17
 Tax and NI Question  L'escargot 15 Nov 10 09:38
 Tax and NI Question  Crankcase 15 Nov 10 09:57
 Tax and NI Question  bathtub tom 15 Nov 10 10:07
 Tax and NI Question  Crankcase 15 Nov 10 10:39
 Tax and NI Question  Bromptonaut 15 Nov 10 10:00
 Tax and NI Question  Falkirk Bairn 15 Nov 10 10:20
 Tax and NI Question  L'escargot 15 Nov 10 15:10
 Tax and NI Question  Mapmaker 15 Nov 10 15:59
 Tax and NI Question  Zero 15 Nov 10 18:08
 Tax and NI Question  AnotherJohnH 15 Nov 10 20:01
 Tax and NI Question  Bromptonaut 15 Nov 10 19:47
 Tax and NI Question  L'escargot 16 Nov 10 07:38
 Tax and NI Question  AnotherJohnH 16 Nov 10 20:00
  
 Tax and NI Question  Mapmaker 17 Nov 10 10:41
 Tax and NI Question  AnotherJohnH 17 Nov 10 11:14
  
 Tax and NI Question  hobby 16 Nov 10 09:30
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