Army Pension Impacts on State Pension

[Ken Hannah]

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Hi Ken

Many thanks for this, very much appreciated. If it just the impact of tax on whole earnings then not a lot to do about it. Same thing will apply if I go and get a wee job in B&Q or ASDA; just for the discount!

Wheelbarrow? A very small one and probably smaller that yours, matey!!

Mind you, it is (will be) helpful, having Army, NHS Superannuation and state pensions but, you pays your dues and cross your fingers and sometimes it works out! You'll be in the same boat won't you, didn't you work for a local authority or something?

Stoke in March is definitely out this time round, unfortunately. What with holidays (October), Christmas, and getting married in April the cash is gushing out of the account. Hopefully I'll be in a better position post-April, to come down to some of the does; may depend upon the exchange rate though and whether I have been ethnically cleansed from Scotland by then! May even need two passports!

Thanks again, Ken, oh font of all knowledge!

Cheers

Peter
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Hi each, I am sure the OAP is taxable. When I retired at 66 with a years accrual of OAP the first thing they did was remove nearly a third of the lump sum in tax.

Regards
Phil
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Hi Phil,

The OAP is a taxable allowance but isn't taxed at source....hence why other 'income'
is reduced by tax% of your OAP....your case is slightly different in that you retired later and accrued what would have been paid had you took OAP at 65......you and young Gilfoyle are both in the 'taking it home in a wheelbarrow brigade'......me on the other is a poor old OAP with only an army pension and OAP....don't have a civvie job pension....I will bore you to death with that one over a drink in November?
Regards
Ken