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Pension Lump Sum

Posted Mon, 29 Jan 2024 11:01:38 GMT by
Hi I received a pension lump sum this year do i have to declare it on my return if so where? i was told it was tax free?
HMRC Admin 5 Response
Posted Thu, 01 Feb 2024 08:13:30 GMT by HMRC Admin 5 Response
Hi Sandra 

Only the tax free element of a lump sum doesn't need to declared. Any element that is taxable should be shown under pension income.

Thank you
Answer
Colin Danby
Posted Wed, 06 Nov 2024 05:00:39 GMT by Colin Danby
what tax is applied on a lump sum if I am M1 status
Answer
HMRC Admin 18 Response
Posted Mon, 11 Nov 2024 15:04:08 GMT by HMRC Admin 18 Response
Hi, This can depend on the income you've received from other sources in the year that you receive your lump sum. To help us advise you further, contact us by webchat or phone via:
Income Tax: general enquiries
Thank you.

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