Do I pay income tax when I’m retired?

 

If your income in retirement (whether it’s paid from a pension, a part-time job or your investments) is above the personal income tax allowance, then you’ll pay tax on any excess at the normal rate of income tax. In 2018/2019 this means you can receive up to £11,850 of income before you start paying income tax at 20% (although your personal allowance will be lower if you earn more than £100,000).

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