Topic: | Re:Taking my State Pension - help please ! | |
Posted by: | Richard Greenhough | |
Date/Time: | 08/05/15 16:12:00 |
Maggie - are you using your full tax allowance (£10,600) in this tax year ? If not, then you can take the pension to use up the balance of your allowance, which otherwise would be lost if you delayed taking the pension. If you are using the full allowance (i.e. being paid more than £10,600 in the year for your part-time work) then you will pay tax on the pension if you take it this year so it might be worth deferring it until you retire. |