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tax
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I have recently noticed that I am being taxed on a small privare pension of mine.I have been retired for five years my annual income is less than �4000.00,is this correct and if not how many years back tax can I claim.
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It is impossible to answer without knowing your age, but here is the link that gives the allowances.
http://www.hmrc.gov.uk/rates/it.htm
If you have less than �4000 total income, including state pension if applicable, phone the tax office today.
http://www.hmrc.gov.uk/rates/it.htm
If you have less than �4000 total income, including state pension if applicable, phone the tax office today.
Do you mean your TOTAL annual income is less than �4000? If so, I don't think you should be paying any tax at all and if your income has been at this level for the past 6 years, I think you can reclaim for that period.
If you are over 60 and �4000 pa is your total income, you should claim pension credit unless you have very significant savings.
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