Taxable Income

Pension Income

• State Pension
• Private Pension
• Widows Pension
• Industrial Death Benefit Pension

• An occupational pension from a previous employer.  In general an occupational pension is taxable but there a some circumstances where an occupational pension is not taxable.

Social Security Benefits

• Job Seekers Allowance – Income based and contribution based
• Incapacity Benefit
• Employment and support allowance – Youth and contributory
• Carer’s Allowance
• Bereavement Allowance
• Widowed Mothers and Parents Allowance

Employment and Self employment Income

The following earned income is taxable:

• Some foreign income
• Statutory Sick Pay
• Statutory Paternity Pay
• Statutory Maternity Pay
• Statutory adoption Pay
• Tips
• Commission
• Bonuses
• Redundancy payments over a certain amount
• Expense payments under PAYE income which are not exclusively incurred in the performance of doing your job.

Additional forms of taxable income

• Investment income for example Shares
• Life Insurance Policy gains
• Interest on savings
• Trust and Settlement income
• Annuities Income