17blackhes
Badges: 12
Rep:
?
#1
Report Thread starter 2 years ago
#1
Hi all!!!

Having a stress over this right now! So basically, my mum receives a state pension and on top of this a pension credit. However, none of this is taxed! Where it asks for how much income she’s received from state retirement pension, do they tick no as they are not taxed for it?!!!

Also, the state pension and pension credit are payed out to both my parents!!! So what does my dad write? They both receive the state pension and pension credit payment
0
reply
Rona SFE
Badges: 8
Rep:
?
#2
Report 2 years ago
#2
(Original post by 17blackhes)
Hi all!!!

Having a stress over this right now! So basically, my mum receives a state pension and on top of this a pension credit. However, none of this is taxed! Where it asks for how much income she’s received from state retirement pension, do they tick no as they are not taxed for it?!!!

Also, the state pension and pension credit are payed out to both my parents!!! So what does my dad write? They both receive the state pension and pension credit payment
Hi 17blackhes,

The State Pension is taxable even if you are below the theshold to pay tax on it, so we do need to know about that.

The Pension Credit is non taxable, so you do not need to include that figure.

Thanks Rona
0
reply
17blackhes
Badges: 12
Rep:
?
#3
Report Thread starter 2 years ago
#3
(Original post by Rona SFE)
Hi 17blackhes,

The State Pension is taxable even if you are below the theshold to pay tax on it, so we do need to know about that.

The Pension Credit is non taxable, so you do not need to include that figure.

Thanks Rona
Hi Rona, my parents recieve the basic state pension which they are not taxed for, this is why I am confused.

Many thanks
0
reply
Rona SFE
Badges: 8
Rep:
?
#4
Report 2 years ago
#4
(Original post by 17blackhes)
Hi Rona, my parents recieve the basic state pension which they are not taxed for, this is why I am confused.

Many thanks
Hi 17blackhes,

The State Pension is taxable even though your parents are not earning enough to pay tax. The figure still needs to be entered on the household income form.

If your household income is £25,000 or under you can be confident that you will be assessed for the maximum support.

Thanks Rona
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Should there be a new university admissions system that ditches predicted grades?

No, I think predicted grades should still be used to make offers (675)
33.62%
Yes, I like the idea of applying to uni after I received my grades (PQA) (856)
42.63%
Yes, I like the idea of receiving offers only after I receive my grades (PQO) (386)
19.22%
I think there is a better option than the ones suggested (let us know in the thread!) (91)
4.53%

Watched Threads

View All