- Not to work, relying instead on your Armed Forces pension or Early Departure Payment (EDP) income;
- To work as an employee but you have no pension or EDP income in payment;
- To work as an employee and you have pension and/or EDP income; or
- To be self-employed, in which case you are definitely going to have to ‘self-assess’.
Revised 2019/20 Tax Bands
The weather is getting milder, the birds are singing, the new tax year has just begun and you may well be thinking about how your tax affairs will work once you have left the Armed Forces. In this short article written for Pathfinder Magazine we explain the basics and set out the revised 2019/20 tax bands. You may be leaving the Armed Forces intending: