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Old 22nd Jun 2015, 10:36
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Chainkicker
 
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Originally Posted by Pontius Navigator
Chainkicker, not quite.

Take your gross service pension and state pension and subtract £10600 is correct to a point.

If, after deduction of your allowance your taxable pay is over £24,500 (IIRC), your personal allowance is cut by £1 for every £2 above this. [I think this is correct but I am away from home right now]
I made the assumption the original poster was a basic rate tax payer. Its a bit different for higher rate taxpayers. Oh, and if the Gov website is to be believed, clawback doesnt start till 100k earnings (or I could be misreading it).
Last edited by Chainkicker; 22nd Jun 2015 at 11:59.
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