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      • You don’t pay National Insurance contributions on any payments you get from a pension scheme including guaranteed income from an annuity. But you might have to pay Income Tax on these payments.
      www.moneyhelper.org.uk/en/pensions-and-retirement/state-pension/do-i-pay-national-insurance-on-my-pension
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  2. You dont pay National Insurance contributions on any payments you get from a pension scheme including guaranteed income from an annuity. But you might have to pay Income Tax on these payments.

    • If your private pensions total more than £1,073,100
    • Tax if someone inherits your pension

    The rate of the tax you pay on pension savings above the lifetime allowance depends on how the money is paid to you and when you took your pension savings.

    If you took your pension on or after 6 April 2023, you’ll pay Income Tax on some or all of the lump sum if it is more than 25% of the standard lifetime allowance.

    Other rules apply if someone inherits your State pension or your private pension.

  3. After your first year of getting the State Pension, you’ll pay tax based on 52 weeks of payments each year. If your income is below your Personal Allowance, you usually will not need to pay...

  4. You can get tax relief on private pension contributions worth up to 100% of your annual earnings. You’ll either get the tax relief automatically, or you’ll have to claim it yourself.

  5. How Jobseeker's Allowance, low income support and the state pension are linked to National Insurance contributions, what they are worth and how you can claim.

  6. National Insurance contributions are payable from the age of 16 to State Pension age. So if you continue working beyond the State Pension age, you currently no longer pay National Insurance contributions on your earnings. Need more information on pensions? Call our helpline free on 0800 011 3797 or use our webchat.

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