I have an ARF value of 110K and a mortage debt sum of 92K.
My gross earning for 2012 will be approximately 14k. My tax rate band is 32,800 and Tax Credit approximately 2K.
What is the optimal sum to draw down from the ARF in the 2012 tax year in a tax efficient mode by keeping within the lower tax rate band and in order to make payments and reduce the mortgage debt as much as possible?
What would be the tax efficient amount to draw down in 2013 when my annual pension income will be approximately 33k?
How are those sums calculated?
My gross earning for 2012 will be approximately 14k. My tax rate band is 32,800 and Tax Credit approximately 2K.
What is the optimal sum to draw down from the ARF in the 2012 tax year in a tax efficient mode by keeping within the lower tax rate band and in order to make payments and reduce the mortgage debt as much as possible?
What would be the tax efficient amount to draw down in 2013 when my annual pension income will be approximately 33k?
How are those sums calculated?