Should Military Pensions be tax exempt?

[forza whites]

Eric Mc said:

mel said:

Eric Mc said:

Don't confuse "domicile" with "residence".

They are very different things in tax and law.

Sorry, that was the non tax accountant in me trying to sound knowledgeabubble, I really meant "not living in the bloody country"

And even that may not be good enough to achieve exemption from UK tax.

It certainly is NOT. Service folk posted abroad for over 12 months still pay UK tax! All wrong!

[mel]

Seems to work for a certain Mr L Hamilton ok, his employer are in the UK, I'd suggest that his job is based in the UK, yet because he's burried up to the back wheels in a Sugerbabe while overlooking Lake Geneve for enough of the year he doesn't pay tax!

jealous? moi? never.

Edited by mel on Tuesday 31st March 17:22

[sleep envy]

mel said:

he's burried up to the back wheels in a Sugerbabe

pussy cat doll

[Brown and Boris]

Spiritual_Beggar said:

Puggit said:

Should all pensions be tax exempt?

Same goes for inheritance tax. Why should the Governemnt get some of my inheritence money? That money has already been taxed, so its essentially taxing us twice!!!!

Its a joke!

Inheritance cash hasn't been all taxed. It is usually the result of rising house prices, not 'earned' in the sense of the hard cash youb get atthe end of a month of unloading fridges or selling onions. same with interst on savings, although that is often on cash that has already been taxed.

[Chainguy]

forza whites said:

Eric Mc said:

mel said:

Eric Mc said:

Don't confuse "domicile" with "residence".

They are very different things in tax and law.

Sorry, that was the non tax accountant in me trying to sound knowledgeabubble, I really meant "not living in the bloody country"

And even that may not be good enough to achieve exemption from UK tax.

It certainly is NOT. Service folk posted abroad for over 12 months still pay UK tax! All wrong!

Yep, I bloody well did.

[mel]

See, what do I know? whatever she is I'd still much rather be washing the windows and feeding the horse with her than picking sand out my arse in downtown Kandahar

[sleep envy]

mel said:

See, what do I know? whatever she is I'd still much rather be washing the windows and feeding the horse with her than picking sand out my arse in downtown Kandahar

[Corpulent Tosser]

Right off I will say that if any pensions are exempt from tax then all should.

However getting to military pensions.

A friend is very soon going to retire from the military after 22years service, he will be retiring on a full pension, and as he signed up at 18 he is only 40 years old now.
He is trained/qualified and eminently employable and will have no trouble getting a decent position when he 'retires', I certainly don't feel sorry for him having to pay tax on his pension.