Pensioners are individuals who have retired and receive a regular income from the government. As such, they may be interested in knowing how much they can earn before it affects their pension in 2022. This article will discuss the impact of earnings on pension 2022, as well as the amount pensioners can earn without it affecting their pension.
Impact of Earnings on Pension 2022
The Government Pension Service (GPS) has set out a criteria for assessing how much pensioners can earn without it affecting their pension in 2022. The criteria is based on the National Insurance Contributions (NICs) paid by the pensioner and their partner. Any income over the set threshold will be taken into account when assessing the pension in 2022.
The threshold for 2021/22 is £175 per week for people aged under 65 and £140 per week for those aged 65 or over. This means that pensioners aged under 65 can earn up to £175 per week before it affects their pension in 2022, and those aged 65 or over can earn up to £140 per week.
How Much Can a Pensioner Earn?
Pensioners can earn a variety of income, including wages from employment, income from self-employment, and rental income. Any income earned over the threshold set by the GPS will be taken into account when assessing the pension in 2022.
The exact amount that pensioners can earn without it affecting their pension in 2022 depends on their individual circumstances. For example, the amount of income a pensioner can earn without it affecting their pension may be higher if they receive certain benefits or tax credits, or if they are a part of a couple.
In conclusion, the amount that pensioners can earn without it affecting their pension in 2022 depends on the criteria set by the Government Pension Service, as well as their individual circumstances. Pensioners aged under 65 can earn up to £175 per week and those aged 65 or over can earn up to £140 per week before it affects their pension in 2022.
