tax

[geordie22]

I have recently noticed that I am being taxed on a small privare pension of mine.I have been retired for five years my annual income is less than �4000.00,is this correct and if not how many years back tax can I claim.

[Ethel]

It is impossible to answer without knowing your age, but here is the link that gives the allowances.

http://www.hmrc.gov.uk/rates/it.htm

If you have less than �4000 total income, including state pension if applicable, phone the tax office today.

[tubeway]

Private pensions are assesed as taxable income - because you do not usually pay tax on the money that you used to pay into the pension scheme

[themas]

Do you mean your TOTAL annual income is less than �4000? If so, I don't think you should be paying any tax at all and if your income has been at this level for the past 6 years, I think you can reclaim for that period.

If you are over 60 and �4000 pa is your total income, you should claim pension credit unless you have very significant savings.