Just got a notice of coding from HMRC. The state pension now takes me over the allowance - so all other income (I have some savings and a small widower's pension after my wife died) is taxable. Love it. Before I start I owe HMRC (edited to add) tax on just under £1k.
Presumably, all pensioners on the full state pension are now in the same boat?
Whey Hey!!!!!!!!!!!!!!!!!!!!!!! I have had my recycling collected. Now I have to wait until next week to see if my wheelie bin is emptied. It has only taken 10 weeks. Small things can give me so much happiness.
Just got a notice of coding from HMRC. The state pension now takes me over the allowance - so all other income (I have some savings and a small widower's pension after my wife died) is taxable. Love it. Before I start I owe HMRC (edited to add) tax on just under £1k.
Presumably, all pensioners on the full state pension are now in the same boat?
Many millions be in the boat with you. HMRC can't cope with its workload now, so goodness knows what chaos this will generate. 😡
I don't like being in debt, so I'll have to call them to see how the shortfall will be collected. Given that they get informed of my interest, my wife's pension and the state pension, I would hope that the shortfall will be collected from one of those automatically - but the notice of coding doesn't say that (but I'm rubbish with forms).
Yes most of us on full state pension are being hit. I think what they will do is take the extra money off your other payments over the next year. As always those of us that have been prudent and saved a bit are being hit. Those that are super rich have all kinds of schemes to avoid being hit. One rule for them another for us.
It's a pain in the bum when there's only one of you - as with two you get all but twice the state pension - so about £24k tax free - but for me to get to £24k, I pay tax on the additional £12k. I suppose no different though from being a single earner - so I'll stop whingeing.
Blast. Don't know how I did it, but last week's MRI on my right shoulder reveals I've torn a tendon. Why couldn't it happen in late autumn when I'd have had all winter to recover from (probable) surgery, instead of now, when I'd be in the garden if it wasn't raining?...
Since 2019 I've lived in east Clare, in the west of Ireland.
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I have had my recycling collected.
Now I have to wait until next week to see if my wheelie bin is emptied. It has only taken 10 weeks.
Small things can give me so much happiness.
Good luck phoning them. Lay in some snacks and maybe War and Peace for entertainment while you are in the queue.