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Personal Tax Allowance reduced by state pension

MonikaR24 Rylance
Posted Tue, 07 May 2024 17:09:01 GMT by MonikaR24 Rylance
Good afternoon, Why is my personal tax allowance reduced by state pension ? Thanks!
HMRC Admin 8
Posted Tue, 14 May 2024 15:14:00 GMT by HMRC Admin 8
Hi,
State pension is taxable income - reducing your code by the amount you receive for the year is the most efficient way of collecting the tax due. 
Thank you.

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