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TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15976
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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I would like to know how much Tax I will pay on £1,250 per

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I would like to know how much Tax I will pay on £1,250 per month. I am a pensioner aged 66.
Hi. I'm assuming that the income is pension. Your annual income is £15,000. The first £11,000 will be tax free and you will pay tax at 20% on £4,000 so your annual tax liability will be £800 or £66.66 per month. I hope this helps but let me know if you have any further questions.
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