You are reading a single comment by @Ben689908 and its replies. Click here to read the full conversation.
  • "Oh, we can't vote Labour they'll tax our pensions".

  • Yes, you pay tax on any income above your personal allowance. Once you reach state pension age, you no longer pay NI, unless you are self-employed.

  • Yes but they keep freezing the tax thresholds which drags more low earners and pensioners in to being taxed. One of the reasons Reform are looking to raise the threshold to 20k (and they have a large black hole in thier spending plans), don't think I've seen other parties looking to move the threshold although greens are looking to merge NI and Income tax at the lower threshold I think and conservatives now proposing to make the threshold age related so it would track state pension to keep them out of it.

About

Avatar for Ben689908 @Ben689908 started