Paying tax on house sale funds

Hello, I sold my house last year, and put the proceeds into an investment plan with the Pru. I understand that I do not have to pay CGT on it, however I have been advised that I will have to pay Income Tax on anything over £50,000 I take from this pot each year. Is this correct? Many thanks.

Hi 

Please refer to Personal pensions

Thank you

Thanks, but this is not a pension. As stated, this concerns the funds from the sale of my house, my home for 11 years, so no CGT applies.

Hi,
We cannot advise on your investment plan.  You should discuss with the investment plan provider.
Thank you.