BARNEYRNSM
War Hero

My Oppo and I are both in receipt of a pussers pension of £9500 a year plus a wage £42000 a year. His tax code is 748L and mine is 521L. Considering the first £11500 is tax free, how can our tax codes be so low? Does anyone else suffer like this? Our pensions are being taxed at D0. We are in the same occupation and our tax codes change about 3 to 4 times a year.
I self assess, my oppo doesn't.
At 55, when our pension goes up by £9000 a year(ish), would we be better off putting that straight into our pension pot from our pay, reducing our tax burden?
Anyone do anything similar? Its the middle watch and we have nothing better to worry about!!
I self assess, my oppo doesn't.
At 55, when our pension goes up by £9000 a year(ish), would we be better off putting that straight into our pension pot from our pay, reducing our tax burden?
Anyone do anything similar? Its the middle watch and we have nothing better to worry about!!