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Sam
Sam, Accountant
Category: Tax
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How do you work out my pensions,and do they include my private

Customer Question

how do you work out my pensions,and do they include my private pension ,which tax is taken from sauce
Submitted: 1 year ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 year ago.
Thank you for your question...Please expand on your question please..what do you mean by "how do you work out my pensions".Basically, all pensions are taxable income albeit the state pension is received gross.Once I get some clarification from you I will be able to help you further. Many thanks.
Customer: replied 1 year ago.
I would like to know how my state pension come to £7586.80 when my monthly pay is £510-98
and private pension come to £8105.68 monthly payment is£598.28,my private pension is tax at saurce
Expert:  taxadvisor.uk replied 1 year ago.
Thank you for your reply and for additional information.
First of all I must stress this site has no link to HMRC. I am not sure where you have got the figures from. HMRC sends an annual summary to taxpayers that shows how tax collected is distributed within State funded services. It has had errors in it.
If you have concerns what you get in state and other pensions is different from what the statement states, then you can get in touch with HMRC on the number provided.
This statement/summary is not a demand for payment.
I hope this is helpful. Please let me know if you need further information. If my explanation is helpful and acceptable only then will I make my statement an answer for your acceptance.
Many thanks

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