Retirement Tax Checks Everyone Approaching State Pension Age Should Make Now
3 Articles
3 Articles
Retirement tax checks everyone approaching State Pension age should make now
HMRC has launched new guidance to help people understand how tax works in retirement, including checks on pensions, tax codes, National Insurance records and unexpected tax bills.
Invisible tax eats away at Danes' pensionsFor many Danes, pension savings are crucial to when they can retire from the labor market. And whether they can afford to maintain their lifestyle.
Reading time 3 minutesMany pensioners believe that their tax deductions are limited to the flat-rate EUR 102 for advertising costs as well as a few contributions to health and care insurance. In fact, however, there are a large number of other costs that can be deducted. This is pointed out by the tax attorney Patricia Lederer. Trade union fees and membership fees paid during active employment are still tax-deductible even in retirement. In addi…
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