Tax Question.
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Tax Question.
Your personal allowance is 10k
The tax rate is 20%
You earn 100k from a cash ISA
You have 20k from your state pension.
How much tax do you pay?
The tax rate is 20%
You earn 100k from a cash ISA
You have 20k from your state pension.
How much tax do you pay?
Last edited by paulr; 04 February 2013 at 01:16 PM.
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The last couple of posts reminded me of an article I read about people who had got £1m + in PEP/ISA pots : Telegraph
One such couple, John Housden and his wife, Judith, from Kent, have accrued a combined pot of £1.3m having invested around £190,000 each since the first year of Peps in 1988. It pays them a handsome income of £57,000 a year.
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