cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Everything you need to know about banking in QuickBooks Online - Discover more
AnnNLG
Level 1

Do I have to show my state pension in quickbooks

I receive a state pension into my personal bank account do I have to show this in quick books to pay tax on it
Solved
Best answer July 22, 2022

Accepted Solutions
Ashleigh1
QuickBooks Team

Do I have to show my state pension in quickbooks

Hello AnnNLG, 

 

Welcome to the Community page,

 

We would advise you speak to a trained and qualified accountant who will be able to assist you with your query. 

View solution in original post

2 REPLIES 2
paul72
Level 8

Do I have to show my state pension in quickbooks

State Pension is (I'm pretty sure) paid without tax deduction - so is counted as taxable income.

(Most) Private Pensions are paid after tax but you must still account for it as income in case other earnings take you through one or other tax thresholds.

 

Whether you enter either in QBO or account for it separately is up to you.

 

Hope this helps.

Ashleigh1
QuickBooks Team

Do I have to show my state pension in quickbooks

Hello AnnNLG, 

 

Welcome to the Community page,

 

We would advise you speak to a trained and qualified accountant who will be able to assist you with your query. 

Need to get in touch?

Contact us