Should Military Pensions be tax exempt?
Discussion
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" They are very different things in tax and law.
![hehe](/inc/images/hehe.gif)
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.![hehe](/inc/images/hehe.gif)
jealous? moi? never.
![hehe](/inc/images/hehe.gif)
Edited by mel on Tuesday 31st March 17:22
Spiritual_Beggar said:
Puggit said:
Should all pensions be tax exempt? ![scratchchin](/inc/images/scratchchin.gif)
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!!!!![scratchchin](/inc/images/scratchchin.gif)
Its a joke!
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" They are very different things in tax and law.
![hehe](/inc/images/hehe.gif)
![frown](/inc/images/frown.gif)
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.
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.
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