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Tuesday, 2 October 2023

Pensions and retirement planning

Over 50s

How your pension income is taxed

PAYE Tax Calculation (P800)

What you need to do if you receive a tax calculation

Tax on your State Pension (money, tax and benefits section)

Your State Pension counts as taxable income but you only pay tax on it if your overall income is above a certain level

Tax on company, personal or foreign pensions (money, tax and benefits section)

How you pay tax on a company pension, a private pension or a pension received from abroad

Tax if you carry on working and get a pension

If you're employed and getting a pension, make sure you're not paying too much tax

Tax if you're self-employed and getting a pension

If you're self-employed and getting a pension, make sure you're not paying too much tax

Tax if you take your State Pension later on (money, tax and benefits section)

How you pay tax on a State Pension that you have put off - whether taken as a lump sum or income

Tax on retirement annuities (money, tax and benefits section)

How retirement annuities (personal pensions set up before July 1988) are taxed and how to check you didn't overpay in earlier years

Tax on a pension you pass on or inherit (money, tax and benefits section)

Check whether your estate will have to pay tax if you pass on a pension, or what tax you’ll pay if you inherit a pension

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