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TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15950
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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I AM RETIRED WITH INCOME OF £16446.72 NET LESS TAX TAKEN FOR

Customer Question

I AM RETIRED WITH INCOME OF £16446.72 NET LESS TAX TAKEN FOR OLD AGE PENSION
I UNDERSTAND THE PERSONAL ALLOWANCE IS MORE IF BORN BEFORE 1938.
WHAT IN YOUR ESTIMATION TAX SHOULD I BE PAYING ON THE ABOVE AMOUNT
Submitted: 2 years ago.
Category: Tax
Expert:  TonyTax replied 2 years ago.
Can you tell me what your actual date birth was and whether you are married please. If you are married, what is your spouse's date of birth?
Customer: replied 2 years ago.
BORN 26/09/1931/ WIDOW
Customer: replied 2 years ago.
BORN 26/09/1931 / WIDOW
Expert:  TonyTax replied 2 years ago.
Thanks.
Leave this with me while I draft my answer.
Customer: replied 2 years ago.
WIDOW BORN 26/09/1931
Expert:  TonyTax replied 2 years ago.
Hi again.
As you were born before 6 April 1938, you are entitled to a personal allowance of £10,660 as opposed to £10,600. Assuming the income figure of £16,446 includes your state pension, you will pay tax on £5,786 at 20% which means you will pay tax of £1,157.20.
I hope this helps but let me know if you have any further questions.