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.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).