Tax on pensions. Is this correct?

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Dave0151 Asked November 2016

Tax on pensions. Is this correct?

I retired in september. I was earning £53,000 per year and paying tax at 40% through PAYE. Now i have retired and my total accumalated pensions come to £28,000 per year. I am getting taxed on my pensions at 40% because of what i earned this year prior to my retirement. (But i have allready payed my tax due on that). Is this correct? Thank You

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We have CARP -- Canadian Assoc. of Retired Persons ...

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Dave, there are a few UK residents here; likely they're the only ones who could provide a succinct answer. Most of us are in the US.

I'm wondering if there's any equivalent in your area of the AARP (American ass. of Retired People) or Senior Centers that provide assistance with tax issues

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This would be a good question for your revenue department. This is a caregiver group.

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Tax on pensions. Is this correct?

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