David Pratt

Hi, I wonder if someone can help me. I am currently receiving a personal pension that puts me in the basic 20% tax band. However, in a couple of years, I will reach 66 years old and the state pension will kick in. I understand that my tax code will then reflect that I am receiving a state pension. But if my combined income between my personal and state pensions is over £50270 will I have to pay tax at 40% on income over £50270? The reason I am asking is that if my tax code was not altered when I receive my state pension, my income would be higher than £50270, but when my normal tax code was applied my income would fall below the 40% tax allowance.