Military Pension @ Tax.

[nasher546]

I am sure I read a thread, (which I cannot find), which stated that if your Military Pension was your only form of income, you only had to pay 10/12% tax.

Can anyone confirm or shine a light on this one?

[Gwyn Nicholas]

Not true me old taita . Tax is paid at the normal rate after your allowance as it is an income. You do not however have to pay nat insurance which in effect would reduce tax compared to a working person earning the same amount. Difference is they would be able to claim tax credits no doubt..

[ap1]

Also the Tax Threshold is currently about £9400 a year, so effectively guys of my era and before wouldn't pay any tax if the army pension is their only income and its under that figure. Once they start earning over £9400, then they start paying.

[mick carnell 53]

I was only paying £34 a month tax on my pension after I phoned the Tax Office in Cardiff, having been made redundant, so the pension was my only/main source of income