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I am 60 years old and 2 pensions would bring in £8765.00 per

 
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Customer Question

I am 60 years old and 2 pensions would bring in £8765.00 per year do I pay income tax on that.

 

Optional Information:
System of Law: England-and-Wales

Already Tried:
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Submitted: 343 days and 19 hours ago.
Category: UK Tax
Value: £11
Status: CLOSED

Accepted Answer

Expert:  taxadvisor.uk replied 343 days and 18 hours ago.

Hello, if you have any questions or need further clarification after reading my answer please let me know.

 

pension = 8,765

personal allowance = 8,105

total taxable = 660

tax due = £132.00

 

Your tax on a combined pension of £8,765 will be £132.00

 

If you need more information please let me know.

 

I hope this is helpful and answers your question. I am available for any follow up questions you may have, and you can use the reply button to post your follow up questions to the page. If you are satisfied with the answer please press the ACCEPT button when you close this chat, to ensure I get paid. Thank you

Expert TypeChartered Certified Accountant
Category: UK Tax
Pos. Feedback: 98.7 %
Accepts: 1439
Answered: 5/12/2012

Experience: FCCA

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