Tax on Old age pension

Calahonda52

Am I right in saying that for a pensioner who pays tax at the top rat of 40%, he needs to deduct just 40% from the gross SW payment for tax, and that there is no PRSI etc levied on it.
Thanks as always.

Paddy001

That's correct, assuming in your scenario the 20% band and all credits have been fully utilised against other income.

Calahonda52

Thanks:
want to add it to Myaccount for the pensioner
get this:

Jobs and Pensions
Section 1 of 4
What is the pension provider's tax registration no?

So how do I set up a state pension on myaccount

CIARAN_BOYLE

Calahonda52 wrote: »

Thanks:
want to add it to Myaccount for the pensioner
get this:

Jobs and Pensions
Section 1 of 4
What is the pension provider's tax registration no?

So how do I set up a state pension on myaccount

Not sure about my account but the state pension should be under social welfare payments genreally.

Calahonda52

Thanks, I looked again: missed this bit
Who is it for?
This service is for anyone who:

is starting a new job
is starting to receive payments from a private pension (not a DEASP, i.e. social welfare, pension)

Doh!