Hello
I have been told that I may be giving the tax man too much of my money and would like some advice please.
I get an army pension of £500 per month and earn £25000 a year.
I claim my pension tax free and the balance of my tax code goes against my salary.
I am led to believe this is not as tax efficient with regards to national insurance as having all my tax free allowance set against my salary and having my pension tax code set as BR.
Any advice would be appreciated.
I have been told that I may be giving the tax man too much of my money and would like some advice please.
I get an army pension of £500 per month and earn £25000 a year.
I claim my pension tax free and the balance of my tax code goes against my salary.
I am led to believe this is not as tax efficient with regards to national insurance as having all my tax free allowance set against my salary and having my pension tax code set as BR.
Any advice would be appreciated.