Income Tax

[Scothern20]

Why is it that I still have to pay income tax on my police pension ?. I served for thirty years before retiring in 1990 and still have to pay income tax, even though I paid all my dues and demands concerning income tax when I was a serving officer.

[Psybbo]

Same here Scot, sorry

[Sipowicz]

Because your pension is more than your tax free allowance?

[Tilly2]

When you get your state pension, you get clobbered even more.

[EDDIE51]

The pension contributions were tax free when you paid them. Now you get state pension and a police pension so your income is over the tax threshold and you pay income tax. A pension is no different to any other income as far as tax is concerned, but at least you no longer pay National Insurance.

[BRIGHT SPARK]

A simple calculation based on what you paid in against what you've had back out will soon cheer you up!

[Scothern20]

Thanks for all the answers. When I think about it deeper, taking all your replies into consideration, I can see the logic and reasoning.

[Sipowicz]

Mind how you go! ;-)

[Tilly2]

It still irks, though. No matter how logical and reasoned it is. :-)

[Psybbo]

What annoys me is that HMRC know how much is coming in before I do!

[Peter Pedant]

It is income !
so why on earth shouldnt you


everyone thinks because one transaction is taxed every succeeding one should not. Ho ho ho

each commercial transaction attracts its own tax charge

[hc4361]

Same here