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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: UK Tax
Satisfied Customers: 3625
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based)
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I have an occupational pension of about £20,000 per year all

Resolved Question:

I have an occupational pension of about £20,000 per year all my tax allowances are on this pension, I am also employed for which my salary is approximately £18,000 per year, on this I pay basic rate tax.
My question is should I be paying basic rate tax on my employment earnings
Submitted: 10 months ago.
Category: UK Tax
Expert:  taxadvisor.uk replied 10 months ago.
Hello and welcome to the site. Thank you for your question.

Based on information provided, your total income from both sources adds up to £38,000.
Personal allowance for individuals up to age 64 is £9,440, leaving you with a taxable income of £28,560 after allowances.

In the tax year 2013-14 the tax band for taxable income up to £32,010 is 20%.

So the answer to your question is...
You should be paying basic rate tax on your employment earnings.

I hope this is helpful and answers your question.

If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.

taxadvisor.uk, Chartered Certified Accountant
Category: UK Tax
Satisfied Customers: 3625
Experience: FCCA - over 35 years experience as a qualified accountant (UK based)
taxadvisor.uk and other UK Tax Specialists are ready to help you
Expert:  taxadvisor.uk replied 10 months ago.
Thomas, I thank you for accepting my answer.
Your reward of bonus is greatly appreciated.

Best wishes.

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