Everyone has had their personal allowance frozen and it’s frozen for some time so there is no option to escape paying tax on the increase you are given. Would you rather have no increase just so you avoid paying any tax?
State pension amount.
- Thread starter Mottie
- Start date
You mean your particular pension went up?
Lucky you.
Do you mean it is a pension in payment, or do you mean it is a revised projection of future payout, or do you mean it is a change in transfer value, or do you mean it is a revised valuation of a money purchase scheme?
Yep actual payment received each month
Very lucky. Perhaps it has inflation-proofing or discretionary rises built into the scheme. Not many people have such benefits. Did you have a strong Union?
Yep its a good company scheme last april was around a 12.3% increase . GMB but wouldnt say they were particularly strong .
My MIL gets the state pension, her nursing pension and a portion of the late FIL teachers pension. The latter 2 rose by around 10% each
So she’s ok
So she’s ok