Income tax for pensioners should not exceed £4,000 per year.

Hi absent

A lot of people think it is funny that I get in to these disputes all the time but it is not funny when you are the one it happens to.
You have just reminded me. I am due for a boring 1 hour phone call from my pension scheme which I get every year asking me why I get about £700 more per annum than I should.
The answer is the old pension rules applied to people who joined the company from the 1st August and I joined about 4 days before the rules changed.
Up until now a new person takes over the job every year and the old person forgets to tell the new person Frank is subject to different rules.

Frank

Now why does that not surprise me?

I think they should give me £500 for this hours telephone conversation.

Frank

I'm surprised you're only just touching the 40% Frank. Does this mean yore not actually paying it?
I'm sure most of us are paying 40% on some of our pensions.
If you aren't, you must indeed be poverty ridden!

An hour's telephone conversation, Frank? Someone seems to be talking an awful lot more than they need to do to point out what seems to be an administrative error. Put it in writing and refer them to your correspondence in future. In any case, £500 an hour is obviously ludicrous - unless of course you are really 'Mr Loophole'....

I think I might be part of quite a large group of poverty stricken pensioners as I am certainly not paying 40% tax on mine! (Wishful thinking!) But on the bright side I now qualify for the higher personal allowance having just hit the big 6 5 . Big deal.

Or were you being ironic Galen?

What me? ironic?

Ana

If they read the letters I had sent them in the past along with the old pension rules they would realise why I get more.

Frank

Then of course there are those with no pension at all in place.

Sounds like financially you are doing pretty well Frank, at least 3 pensions, probably reduced council tax for single occupancy, winter fuel allowance, free prescriptions, ditto eye tests, dentistry available at NHS rates.

Apart from the private pensions, I wonder how the other things would be funded if you and every other pensioner were only paying a maximum of £4,000 a year?

phoenix

Galen said in his thread at 22.02:20 that I am poverty ridden.
If that is the case probably the Gransneters should hold a collection for me.
I am not getting my state pension yet.

Frank

gracesmum

I don't qualify for higher rate personal allowance yet.

Frank

HUNTERF It is funny – funny peculiar, not funny ha ha. Btw I don't think Galen was making a serious comment when she suggested you were p"overty ridden". I am not so sure that you weren't being serious when you suggested a Gransnet collection for you.

Frank - will you be 65 after 5 April 2013?

bluebell

You are trying to run up my age.
I will be 64 on the last day of March.
I am not expecting much of a birthday as I am expecting my 4th grandchild on the 30th.
Never mind. I might be out on the 31st buying my new grandchild something for my birthday for him / her.

Frank

A piggy bank?

Frank it was your comment re the higher rate of personal allowance - from tax year 2013/14 , no higher rate personal allowance for people born after 5 April 1948 and it has been frozen for everyone else so will gradually disappear. Quite right too!

I was being sarcastic

Just caught up.
Picked myself up off the floor, still weak with laughter, what a tonic!
Then I realised I could have been at college with Frank (see reference to Cardiff!)...... is your real name Duncan, Frank?

Hi Oldgreymare

I went to university and never went to college.
No my real name is not Duncan.
There was a Duncan in my year but sadly he passed away a few years ago.

Frank

Wasn't Duncan the cat/dog who got his bottom singed at Glastonbury tor? Or was it Donald?

Hi Galen

Don't worry about the new grandchild.
I will gradually build up some money for him / her.

Frank

Do you not consider college and university to mean the same thing Frank? There seems to be some snobbery in your comment.
And no, I don't think I shall lie awake at night worrying about your new grandchild.

Hi shysal

If my memory serves me correct I think there was a Cardiff College at the time I went to Cardiff University.
I just wanted to clarify we got the right institution.
I have been to college to do some short banking courses in London but I have never done a college course as a full time student.

Frank

Institution