Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag UK retirees may be eligible for tax refunds on their pension income, HMRC clarifies.

flag HMRC clarified that retirees may be entitled to a tax refund on their pension income. flag Once pension payments begin, individuals can request their tax-free allowance to be applied to their pension, helping avoid overpayment. flag If overcharged, a refund will be issued. flag The tax-free allowance is reduced for those earning over £100,000. flag Pensioners can typically start drawing from their pensions at 55, though the state pension age is rising to 67 and then 68. flag To receive the full state pension, 35 years of National Insurance contributions are usually needed.

3 Articles

Further Reading