The Retirement Thread

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tarric

Veteran
Location
Scotland
This is not a dig, more of a get it off your chest thing. I'm forever reading from outraged pensioners about government planning to tax my pension, it all goes in tax, blah, blah. Most have never read anything more than a headline, don't understand pension contributions, tax law or much else. The fact is anyone whose sole income is the state pension is and will be exempt from taxation.

This isn't a kindness but a recognition of the cost and difficulty of collecting tiny amounts of tax from millions of pensioners.

From the House of Commons Library

View attachment 819840
Unfortunately many are unable of reading past the clickbait headline or do any research of their own before getting all irate. Certain MP's and Media know this but it's what feeds them.
 
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