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Posted Wed, 13 Nov 2024 09:55:50 GMT by Sara Davis
When I pull my whole pension ( Zurich say It has to be in one lump sum) I understand I will get appx 14K Tax Free.. The remaining 3/4 will be taxed @ Emergency tax & I claim the remainder back with the P45 Zurich send me BUT after paying tax on the remainder will I also pay the 40% Tax on my Wages for the rest of the Tax year? ( I know the total will put me over 50K allowance) If I wait until FEB to pull it will I pay less Tax on my wages ?
Posted Wed, 13 Nov 2024 16:01:16 GMT by HMRC Admin 33
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our team for advice
Self Assessment: general enquiries
Alternatively you may want to seek professional advice.
Thank you.

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