This site is for financial advisers only, Click here for the consumer site.




Why does State Pension tax status default to net?


Although the State Pension is taxable, it usually falls within the client’s income tax personal allowance and therefore by providing it net, we are saying that this is the income that they will receive. If their total income is above the income tax personal allowance, then it is the other income that bears the tax liability.

Financial Adviser Verification