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TAX RATE on pension and pension benefits

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ricky


Joined: 26/01/2009
Posts: 294

Message Posted:
29/06/2010 14:11

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Message 1 of 5 in Discussion

Please, do somebody know what's the tax rate in trnc on the monthly pension amount and on benefits from group insurance?



Aeyeofspirit



Joined: 01/05/2008
Posts: 34

Message Posted:
23/07/2010 01:52

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Message 2 of 5 in Discussion

I want to know that too - Anne



Jeannie


Joined: 04/08/2009
Posts: 3283

Message Posted:
23/07/2010 02:22

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Message 3 of 5 in Discussion

Message 1 - you're a "Financial Controller" and you're asking on here about tax, etc. on pensions?



Sorry - you've lost me



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
23/07/2010 06:36

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Message 4 of 5 in Discussion

Are you talking about a TRNC pension or a uk one?



MartinM


Joined: 03/10/2009
Posts: 166

Message Posted:
23/07/2010 08:52

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Message 5 of 5 in Discussion

Currently there is no tax on pensions in the TRNC. However the govt may be obliged to tax pensions that are twice the minimum wage. I'm not sure what you mean about beefits from group insurance. For a definitive answer speak to your accountant.



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