Carers speak out!

Carers allowance taxable income

I stopped working full time to care for my husband so lost the affordability to contribute to my pension on retirement, and will be affected when I retire. As income was greatly reduced I cashed in a pension, drawing a small amount each month and I work part-time. I am able to claim carers allowance but because I draw on my pension the carers allowance takes me over the tax bracket, so I pay tax on it. I am losing all round, and when I retire my pension will be much less than it could have been.