UK Family Law
UK Family Law Questions Answered by Verified Experts
I have 2 private pensions, a British gas Lattice pension and the tax amounts per month are
2013-14 £46.60 my ex getting £96.22 & me £149.61 2012-13 £41.00 my ex getting £194.25 & me£153.25.
2011-12 £86.00 my ex getting £191.62 me £105.63.
2010-11 £42.60 my ex getting £190.35 & me £147.76. These are monthly deductions
I have a prudential pension and the tax amounts are
2011-12 £17.40 my ex getting £34.81 me £34.80 ( monthly deductions )
the P45's for
2010-11 are tax £208.80
2009 10 tax £208.80
2008-9 tax £229.229.68
2007-8 tax $£229.68
payments to my ex and I are divided equally !
Hope this is sufficient information for you.
I don't really understand your question.
But, I am taxed on the WHOLE of my pensions as they are issued initially in my name. This takes me into a taxable bracket. I have corresponded with HMRC but this is the way they view it So I suppose you could say the present arrangement costs me having to pay income tax which I would otherwise not have to do.
If I take the tax paid over the last three years it averages £678.60 per annum costs I would not have to pay otherwise.
state pension + an uknown interest income from a savings ISA
No, my state pension + the two private pensions I have paid into since I was 15 when I first started working from school. I have interest from a small ISA + a long term bond with the Yorkshire building soc. I bought a small bungalow in N.Wales with the proceeds of the the divorce, I had to provide a roof for my daughter who elected to live me. She eventually married, I found a new partner , sold my bungalow and we both sank our savings into buying the home we now live in.
Yes. after the divorce she went to S. Wales and lived with her parents for about 2 years then bought her mortgage free house.