Great News

[kancutlawns]

80 is the new 70

That’s not much of a consolation.

[VeritasVincit]

80 is the new 70

I can't wait, because from here 79 feels like the new 89.

[Sunbeam Alpine]

I just felt I had to share my news with the world.
I haven't reached the point yet but HMRC have sent me a letter which suddenly lifted all the ills from my life.
When I hit 80 next year, my pension will be increased by a whole .25p per week.

What are you complaining about, it's tax free isn't it!?

No

[Zambo]

I just felt I had to share my news with the world.
I haven't reached the point yet but HMRC have sent me a letter which suddenly lifted all the ills from my life.
When I hit 80 next year, my pension will be increased by a whole .25p per week.

What are you complaining about, it's tax free isn't it!?

No

Unless the state pension is more that the PA which it currently isn't it's tax free. It of course counts towards personal income, so if VVs total personal income is more than the PA, then we will pay tax at 20% on anything over it.

[VeritasVincit]

I just felt I had to share my news with the world.
I haven't reached the point yet but HMRC have sent me a letter which suddenly lifted all the ills from my life.
When I hit 80 next year, my pension will be increased by a whole .25p per week.

What are you complaining about, it's tax free isn't it!?

No

Unless the state pension is more that the PA which it currently isn't it's tax free. It of course counts towards personal income, so if VVs total personal income is more than the PA, then we will pay tax at 20% on anything over it.

I have an occupational pension which is taxed. Still though a poor old pensioner surviving on a pittance.

[lambrini]

80 is the new 70

That’s not much of a consolation.

Yeah! 30 is the new 20 (I tell myself.)

[kancutlawns]

80 is the new 70

That’s not much of a consolation.

Yeah! 30 is the new 20 (I tell myself.)

What does that actually mean though?

[Sunbeam Alpine]

I just felt I had to share my news with the world.
I haven't reached the point yet but HMRC have sent me a letter which suddenly lifted all the ills from my life.
When I hit 80 next year, my pension will be increased by a whole .25p per week.

What are you complaining about, it's tax free isn't it!?

No

Unless the state pension is more that the PA which it currently isn't it's tax free. It of course counts towards personal income, so if VVs total personal income is more than the PA, then we will pay tax at 20% on anything over it.

So what you mean is that it is not taxed at source.

[Zambo]

Go and find someone else to bother.

[Sid Pervcat]

Go and find someone else to bother.

[kancutlawns]

All aggro for an extra .25 a week. Give it up Hillman.

[Zambo]

Go and find someone else to bother.

It's the height of pedantism Sid.

You get confirmation of your PA, less State Pension, which gives you a tax code. You can earn that amount without paying any tax, so if you are like VV, you start paying tax when you earn above the difference between your PA and your State Pension. So you are not taxed on your State Pension.

Mind you, if these arseholes keep the PA what it is beyond 2026, the State Pension could well rise above the PA.

[Sadact7]

Go and find someone else to bother.

It's the height of pedantism Sid.

You get confirmation of your PA, less State Pension, which gives you a tax code. You can earn that amount without paying any tax, so if you are like VV, you start paying tax when you earn above the difference between your PA and your State Pension. So you are not taxed on your State Pension.

Mind you, if these arseholes keep the PA what it is beyond 2026, the State Pension could well rise above the PA.

Christ, I’m hoping I die before getting anywhere near worrying about this shite.

Better dead than decrepit.

[The Ghost of Alex Higgins]

Both is an option

[lambrini]

80 is the new 70

That’s not much of a consolation.

Yeah! 30 is the new 20 (I tell myself.)

What does that actually mean though?

It means absolutely nothing, Mein Lawns, just a faux comfort.