I've just had my Tax Code notice, and once again I am wondering why, after having paid tax all of my working life on my salary, do the robbing sons-of-bachelors tax me AGAIN on my State Pension?
I know that theres F all I can do about it - they make the rules - but why?
Ron.
Don't worry Ron, you should have a company pension like mine. They tax me on that, and just include my State pension in the total to be calculated for tax. It is all because this is "unearned income", and when we were paying into the pension scheme the amount being paid in was not taxed!
So much for encouraging youngsters to pay into a pension scheme eh?
This is why I have no conscience at all about becoming older and costing the State more to look after. We have, and still are, paying our dues!