Eight days a week

I have read recently that as there will be 53 Mondays in the current fiscal year the state pension assessable will be 53 times the weekly rate. Is this right?

I should interpret the legislation as requiring the true assessable amount each year to be the daily rate multiplied by the number of days in the year.

In fact I do wonder whether a worse problem could be for those pensioners who are paid four-weekly and who might conceivably have 14 payments in a year.

It occurs to me that for many pensioners on low incomes this could make a reasonable difference in their liability or repayment and I would not wish to cause them any worry by adopting the wrong approach here.

Taxation readers’ advice would be most welcome.

Query 17 521 – Backwoodsman

From Scorpio

There are indeed 53 Mondays during the current tax year...