The Retirement Thread

[welsh dragon]

Anyhow, getting away from the politics stuff. I just received yet another letter asking me to get a covid jab even though I cancelled it. Seems they don't want to rake no for an answer. I heard somewhere that Dr's are being paid £30 for each and every jab they do (not that they are doing it for the money of course) clearly to help patients .

 

[welsh dragon]

I'm on a state pension plus a small private pension and am nowhere near paying tax and qualify for a number of benefits.

Some are. The same amount of tax should be applied to them as for pensioners.i have finished my rant now.

 

[classic33]

You've totally lost me with that one classic.

The medical way of saying gone for a No. Two.

 

[Tenkaykev]

There’s a chance of light rain in the next hour according to my weather app. It’s been sunny for the last couple of days.
An unexpected delivery. Knock on the door and there’s a large parcel for me. I’ve not ordered anything. Opened it up and it’s an Advent Calendar from daughter and her chap up in Edinburgh.
24 beers from various Scottish breweries 🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺

 

[ebikeerwidnes]

Cold and deary today

but not raining

Unless I look out and think any sentence starting with "I could get my bike out and........"

When it start raining within 1 minute

happened 3 times now - looks like I'm nipping down to the pharmacy in the car!

 

[ebikeerwidnes]

ACtually - while I'm on

My wife has a small pension from her years in the NHS - only small but pays for stuff - we mostly live of my pensions

Anyway - as her pension is so small she doesn;t reach the tax allowance limit - nowhere near
Theoretically she should be able to transfer her unused allowance to me since we got married (No that wat not the reasosn I married her
not at all!!!!)

Anyway - we tried to sort it out and couldn;t prove she exists or is who she says
She only has (if we could ever find it) one of the old paper-only driving licenses
Her passport has expired
She doesn't pay any bills (it was my house so when she moved in all the billes and stuff were already set up in my name

Clearly she is on the ELectoral roll and all that

but when we tried to claim the allowance transfer we could not get enough documentation showing her id

I sure this is not all that uncommon

anyone else had this - or know someone who has - and how did they get round it??

TIA

 

[Deleted member 1258]

The medical way of saying gone for a No. Two.

You'll have to explain that one Classic, I can't see a connection between me riding my bike and a number two.

 

[SpokeyDokey]

And if pensioners have to pay tax as it is an income as you say, then surely EVERYONE on benefits should pay as well as it is their income. I bet the soft and smelly stuff would hit the fan then.

Some other benefits are taxable.

https://www.gov.uk/income-tax/taxfree-and-taxable-state-benefits

SP is paid gross as there is no inbuilt mechanism at source so if you are liable then tax will become due post-receipt.

https://taxvol.org.uk/index.php/hrf_faq/is-my-state-pension-taxable/

SP payments are, rightly imo, treated the same as any other pension ie you contribute to a fund on the proviso that you will receive an income in retirement - the key word being income.

Not being a benefits expert I am not entirely clear on the determination criteria of what benefit falls into which camp - I think contribution based benefits are generally taxable.

Also, people on eg UA are possibly treated as distress situations and pensioners are not.

I might be talking cobblers re the last 2 para"s so don't take it as gospel.

Fair/unfair? A big political debate and definitely not for here.

 

[SpokeyDokey]

ACtually - while I'm on

My wife has a small pension from her years in the NHS - only small but pays for stuff - we mostly live of my pensions

Anyway - as her pension is so small she doesn;t reach the tax allowance limit - nowhere near
Theoretically she should be able to transfer her unused allowance to me since we got married (No that wat not the reasosn I married her
not at all!!!!)

Anyway - we tried to sort it out and couldn;t prove she exists or is who she says
She only has (if we could ever find it) one of the old paper-only driving licenses
Her passport has expired
She doesn't pay any bills (it was my house so when she moved in all the billes and stuff were already set up in my name

Clearly she is on the ELectoral roll and all that

but when we tried to claim the allowance transfer we could not get enough documentation showing her id

I sure this is not all that uncommon

anyone else had this - or know someone who has - and how did they get round it??

TIA

Surely your wife's NI number would be proof of her existence.

Have you spoken to HMRC directly?

Maybe take it up with your MP?

 

[classic33]

You'll have to explain that one Classic, I can't see a connection between me riding my bike and a number two.

You said

From my Facebook page this morning.


View attachment 668353

Feel free to add your own.

 

[12boy]

We have had some inflation in the last year or so and those figures for July through September set the rate for cost of living increases for Social Security and Civil Service annuities. This resulted in the largest increase for many years, 8.7%. Wow! Thinks I... what a boost. Then I call my tax guy who points out since my wife died this year I need to withold 15%, not 10% of my income for tax purposes. The taxes for a couple with X dollars are a lot less than a single person with the same income. This winds up with a real increase of 3.7%. Better than 0, though, and the inflation has really only affected food and utiiities in my budget anyway. I don't mind paying taxes for services, but I would feel a lot better if the 1%, the corporations and churches paid their fair share. Hopefully that opinion isn't too political for this thread.

 

[BoldonLad]

Why do you think that? Pension is income whether it be State or Private.

PS I'm not being arsey but I am genuinely puzzled.

It is going to produce an “interesting” situation, IMHO. As far as I know, there is no mechanism to deduct PAYE from state pension. At present, state pension it below PTA, but, if PTA stays fixed, and, state pension increases with triple lock, this may not remain so.

 

[BoldonLad]

ACtually - while I'm on

My wife has a small pension from her years in the NHS - only small but pays for stuff - we mostly live of my pensions

Anyway - as her pension is so small she doesn;t reach the tax allowance limit - nowhere near
Theoretically she should be able to transfer her unused allowance to me since we got married (No that wat not the reasosn I married her
not at all!!!!)

Anyway - we tried to sort it out and couldn;t prove she exists or is who she says
She only has (if we could ever find it) one of the old paper-only driving licenses
Her passport has expired
She doesn't pay any bills (it was my house so when she moved in all the billes and stuff were already set up in my name

Clearly she is on the ELectoral roll and all that

but when we tried to claim the allowance transfer we could not get enough documentation showing her id

I sure this is not all that uncommon

anyone else had this - or know someone who has - and how did they get round it??

TIA

A case for ID cards, perhaps?

On a more serious note, do HMRC have a list of acceptable forms of Id?

 

[ebikeerwidnes]

A case for ID cards, perhaps?

Hmmmmm
Not even sure she could get one - how could she prove who she is to get one issued

We may even hit this problem with voter id next year

 

[ebikeerwidnes]

Surely your wife's NI number would be proof of her existence.

Have you spoken to HMRC directly?

Maybe take it up with your MP?

NI number is all well and good - but how can she prove she is the person associated with it??
It all assumes you have photo id
which she doesn't