What tax might I have to pay in retirement?
There are a lot of changes to deal with as you transition from your working life to retirement and this includes your tax allowances. Your income, including your pension, is still taxable in retirement, but there are allowances which can make a big difference.
Find out how different potential incomes in retirement are taxed with this handy guide, as we discuss the following:
- Income Tax and National Insurance contributions
- Tax on workplace or personal pensions
- Tax on savings
- Tax on equity release income
- Tax on income from multiple sources
Please note: This article is provided for information purposes only and does not represent financial, mortgage, investment or tax advice. If in doubt, you should seek independent financial advice.