Don Dudley
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Budget Disrupted by Income Tax After Start of State Pension
Hi. I have been living off my works pension (WP) for a few years now. That is until this month when I qualified for my state pension (SP). I was on a tight budget but everything came out within a week of it being paid, which is usually 25th of the month. After the 6th everything left in my account was mine to spend. Now along comes my SP, making me liable for income tax. But that's not the bad bit. The bad bit is that all the income tax for the will be taken from my WP. This means a shortfall in the money I use to pay my bills. My SP is due to come around about 3 weeks later. But since it is paid every 4 week, not monthly, it gets paid 2 to 3 days earlier every month. This is not ideal for paying bills on a set date. But for now it would help if my SP were paid out a little closer to my WP's date, or if the schedule were changed to every fortnight. Just until I can build up a buffer. Is this possible? Don