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Posted Wed, 09 Oct 2024 07:57:34 GMT by Beccy Pleasant
I am withdrawing a lump sum from one of my pensions. I am a higher rate tax payer. Will the taxable element be taxed at higher rate, and if not how do I repay underpayment of tax. I do not self declare for tax purposes, but pay through PAYE of my employer that I will continue to be paid by
Posted Tue, 15 Oct 2024 15:47:01 GMT by HMRC Admin 33
Hi,
Please see the link below
Find out the rules about Individual Lump Sum Allowances
Thank you.

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