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Posted Tue, 26 Sep 2023 13:01:43 GMT by Helen Vasey
I’m a sole trader and due to start receiving a military pension next year. The pension will be well under my personal allowance of 1380 ( around £7000 or so) - will it be paid gross and then I declare it on my self assessment and pay the tax owed myself or will it be taxed at 20% before I receive it?
Posted Sat, 30 Sep 2023 11:34:09 GMT by Helen Vasey
Posted Tue, 03 Oct 2023 13:55:28 GMT by HMRC Admin 32

The pension should be paid gross and then included within your tax return to be added to your self employment to calculate any tax due.

Thank you.

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