Hi all,
Wondering if anyone can shed some light on something MIL is fretting over. She claims to have received a letter recently from HMRC saying that if she has more than £10K in savings, she will have to start paying income tax. She cannot now find the letter and we don't know what she is on about.
She has a basic state pension, plus a small private pension from late FIL's employer, but no other income. She is 82. Does this ring true with anyone? If anyone can point us towards any links or websites regarding this, would be helpful. Thank you
Wondering if anyone can shed some light on something MIL is fretting over. She claims to have received a letter recently from HMRC saying that if she has more than £10K in savings, she will have to start paying income tax. She cannot now find the letter and we don't know what she is on about.
She has a basic state pension, plus a small private pension from late FIL's employer, but no other income. She is 82. Does this ring true with anyone? If anyone can point us towards any links or websites regarding this, would be helpful. Thank you