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Adjusting pensions figures -taxation & utility

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Irungu
Posted by
Premium Member

02 Dec 21 #518222 by Irungu

Topic started by Irungu

Hello,

I am in the process of responding to the actuarist with regards to whether he should adjust our figures considering I am a higher tax payer so consider marginal tax calculation not default average tax and also take consideration of utility adjustments considering that currently I am in debt due to the unrelenting legal fees.
What are the pros of having a calculation that will take all this into account ,does it reduce or enhance my pension figures?Confused with all or shall I just choose the default?

kind Regards,
Phylis

hadenoughnow
Moderator

02 Dec 21 #518223 by hadenoughnow

Reply from hadenoughnow

Are you saying that your total income in retirement, including pension (based on sharing) will put you in a higher tax bracket?

Hadenoughnow

Irungu
Posted by
Premium Member

02 Dec 21 #518226 by Irungu

Reply from Irungu

Hello Hadenoughnow,

No the actuaries is enquiring on current situation in terms of level of tax calculation for pension offsetting.

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