Paying Tax

I get a really old outdated pension payment of something like £14.11 a month. Hardly life changing but as my son says, better than a smack in the face with a wet mackerel.

This month it was £9 something.

That £60 a year I've now lost is a week's shopping for me.

Casdon

Ever since the personal allowance was frozen in 2021, more people are being drawn into the tax system every year because the state pension and their private pension increases but the personal allowance doesn’t.

This, exactly.

If it’s income, you’re taxed on it.

Ever since the personal allowance was frozen in 2021, more people are being drawn into the tax system every year because the state pension and their private pension increases but the personal allowance doesn’t.

It was several months before I found that my work pension had become liable for tax. We should be informed before it even starts.
What is the point of giving us a State Pension increase then taking it back in tax?

Slimswim welcome to the Rich Pensioners Club. Rachel's idea of rich is retired and not on benefits. Soon we will be handing over our pensions and receiving pocket money.

Your total income will still have increased though.