How increases to the State Pension can affect the tax you pay скачать в хорошем качестве

How increases to the State Pension can affect the tax you pay

When your State Pension goes up, you may pay more tax - but why does this happen? This video explains how the State Pension uses some or all of your Personal Allowance, and why increases to the State Pension can mean you'll pay more tax on your other income. Find out: • that the State Pension is taxable but isn't taxed when it's paid to you • how the Personal Allowance being frozen affects pensioners • how increases to the State Pension affect the tax on your other income • what happens when your State Pension is more than the Personal Allowance You can find out more about the State Pension on GOV.UK and in our other videos on YouTube. 0:00 Introduction 0:19 Personal allowance 0:44 Other taxable income 1:16 State pension example 2:32 Help and support To subscribe and visit the HMRCgovuk YouTube home page:    / @hmrcgovuk   Playlist    • The State Pension and tax   Download the HMRC App https://www.gov.uk/guidance/download-... HMRC online services: sign in or set up an account https://www.gov.uk/log-in-register-hm... Tax when you get a pension https://www.gov.uk/tax-on-pension The new State Pension https://www.gov.uk/new-state-pension The basic State Pension https://www.gov.uk/state-pension Additional State Pension https://www.gov.uk/additional-state-p... HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. You can use social media for help with general queries relating to any of HMRC’s products and services: X: https://www.x.com/hmrc Facebook:   / hmrc