Tax on Pensions?

  ulrich 20:53 25 Apr 2008
Locked

When did this start or which Government? I receive £167 Army Pension but pay £34 of that in Tax.

  tullie 20:55 25 Apr 2008

You mean when did taxing pensions start?To be honest,i thought they allways were.

  Woolwell 20:56 25 Apr 2008

Started when Income Tax started?
It's taxable income. You will pay tax on any income over your tax threshold.
click here

  WhiteTruckMan 21:14 25 Apr 2008

Ah yes, that 'temporary measure' brought in to finance the napoleonic wars. Perhaps one reason we are still paying it is that the government might think things could flare up again...

WTM

  Bingalau 21:33 25 Apr 2008

Where did the government get it's money from before the Napoleonic wars? They must have taxed something other than windows.

  WhiteTruckMan 21:39 25 Apr 2008

I dont think microsoft was around in those days.

WTM

  rdave13 21:44 25 Apr 2008

'I dont think microsoft was around in those days.'
Guffaw....

  Quickbeam 21:48 25 Apr 2008

"They must have taxed something other than windows."

Goods imported to & from the colonies... but that caused great problems click here A bit like the tobacco smugglers of today, we don't generally like paying taxes... Probably because we don't think that governments are very good at spending them fairly:)

  jakimo 05:11 26 Apr 2008

tea was so heavily taxed in the 18Th century that tea smuggling become a very thriving business

  laurie53 07:29 26 Apr 2008

Didn't need so much tax.

Not only did we have slaves, but the peasants died off nice and early and didn't need any welfare.

  anchor 07:51 26 Apr 2008

ulrich: If your total income is below £18,000/year, the lower tax 10% rate was abolished and increased to 20%. This was announced in Mr Brown`s budget of 2007, and came into effect this month.

You may have recently read about the controversy this has caused in Parliament.

It is fair to hit the lower paid?; certainly not!.

This thread is now locked and can not be replied to.

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